HomeEconomyThe Agadir UI signs a partnership with several groups for the decarbonization of...

The Agadir UI signs a partnership with several groups for the decarbonization of industrialized countries

The Fusion Fuel Group Represented João Teixeira Wahnon in his capacity as Board Member and Consolidated Contracting Engineering & Procurement Represented by Camille Kanaan in his capacity as Chairman of the Board of Directors, as well as the Council of the Region of Laayoune Sakia-El Hamra, represented by Sidi Hamdi Oulederrechid, in his capacity as President, and the International University of Agadir and Universiapolis-Laayoune, represented by Aziz Bouslikhane, in his capacity as President, signed a partnership to achieve the decarbonization objectives of industrialized countries.

The purpose of the Partnership Agreement is to promote the production and valorisation of green hydrogen in the Region of Laayoune Sakia El Hamra. Thus, Fusion Fuel will ensure the technological aspects related to the green hydrogen economy with their industrial aspects and ecosystem creation, in this case, the deployment of green hydrogen and ammonia farms for export. whose annual capacities will reach 35,000 and 185,000 tonnes in 2026, respectively.

It also involves the gradual deployment of hydrogen refueling stations which will ultimately make it possible to perpetuate hydrogen mobility and drain hydrogen car and fuel cell manufacturers and that of component manufacturing plants in the supply chain. value
saving hydrogen. Fusion Fuel will coordinate the fundraising for the financing of the project.

For its part, EPC Consolidated Contractors Group will serve as the lead developer and EPC supplier for the project. Since its inception in 1952, CCC has grown to become one of the world’s leading entrepreneurs with worldwide sales of over US $ 4 billion and over 60,000 employees in 80 different countries. Vitol, which is committed to supporting the transition to cleaner fuels, is uniquely positioned to locate the cheapest available market for green ammonia, thanks to its extensive network of buyers and logistics experience.

The CCC will provide all necessary assistance for feasibility studies related to the execution and construction as well as any local matter namely the execution of the project subject to the prior agreement of the CCC on all relevant aspects of the project.

The Laâyoune Sakia-El Hamra region will take charge of regulations and permits, identification of production sites, mobilization of other sources of investment and the local industrial fabric, coordination and synergies with the Regional Investment Center .

Finally, Universiapolis will be responsible for continuing education around the green hydrogen economy, the deployment of initial training programs in engineering covering the value chain of green hydrogen production and Integration and liaison between the region. , Fusion Fuel and CCC.

Morocco, a pioneer in renewable energies

On July 13, 2021, the Minister of Energy, Mines and Environment launched the HEVO Ammonia Maroc project during an event in Rabat. It is the largest green hydrogen and green ammonia project announced globally to date, with a total investment value of over 7.5 billion dirhams (~ USD 850 million). It would be jointly developed by green hydrogen technology company Fusion Fuel Green and global solutions provider EPC Consolidated Contractors Group SAL (“CCC”). In addition, Vitol, one of the world leaders in energy and raw materials, will manage the collection and export to Europe of green ammonia.

The development of the first phase of the project is expected to start in 2022 after the completion of a feasibility study. When fully commissioned, it would produce 183,000 tonnes of green ammonia and reduce 280,000 tonnes of CO2 per year.

Fusion Fuel Green (NASDAQ: HTOO) would provide the technology to produce the 31,000 tonnes of green hydrogen needed for the project each year. Fusion Fuel has created a revolutionary off-grid solar hydrogen generator, called HEVO-SOLAR, which enables it to produce emission-free hydrogen at very competitive costs in regions with high solar radiation.

Carbon-free hydrogen and fuel cell technologies could be major contributors to achieving the ambitious decarbonization goals that industrialized countries have set for themselves (cop21 climate agreement) and open up real prospects for ecological growth for global industry. . Thus, by 2050, carbon-free hydrogen could meet 20% of final energy demand and could reduce annual CO2 emissions by 55 million tonnes, or the equivalent of a third of additional CO2 reductions. to be achieved to bridge the gap between the decarbonisation objectives of a country like France.

Faced with climatic and environmental challenges, Morocco is gradually positioning itself as a true pioneer in renewable energies, thanks to a far-sighted and strategic Royal vision. Thus, the various Moroccan actors are active in the deployment of an energy source that has been talked about a lot in recent years, green hydrogen, which some specialists already see as the “future green gold”. of the global energy transition, it is in this branch that Morocco aims to become a major global exporter.

Given the major assets that Morocco has, both in terms of hydrogen production and manufacturing of related equipment, and from the point of view of components and specialized materials, hydrogen could open up opportunities for the export of around € 6.5 billion by 2030 and the creation of thousands of jobs.

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