An American company from Boston has announced its intention to invest in clean hydrogen in Morocco.
VERDE HYDROGEN said in a statement that it has signed an agreement to develop and operate a 2 megawatt electrolysis machinery project, which should be completed early next year.
Green hydrogen is produced from water through an electrolysis process to separate hydrogen molecules from oxygen molecules using electricity generated from renewable energy sources rather than fossil fuels.
The US company said in a statement that the implementation of this project represents an important milestone for the green hydrogen market in North Africa, as CEO Steve Macron said: “I am confident that the company team will be able to fulfill all obligations, and this project will be the first mechanisms that we will implement in this region, which will play a decisive role in the development of the hydrogen economy.
Morocco, according to the World Energy Council, is one of six countries in the world with great potential for the production of green hydrogen and its derivatives, which will allow it to meet 4 percent of global demand by 2030.
Morocco’s green hydrogen capacity comes from its solar and wind power, and more than 3,000 km of coastline, which will also help it produce this clean energy by desalination of sea water with renewable energy sources. sources.
According to its 2021 plan, Morocco could produce around 3 million tons of green hydrogen by 2030, drawing on its renewable energy and seawater desalination potential, which will accelerate the achievement of the 2050 carbon neutrality goal, but this requires huge investments. .
Morocco has been keen to invite global investors to start hydrogen production projects since Moroccan King Mohammed VI directed the government late last year to update the national plan to include the entire green hydrogen value chain. sector in terms of the legal and institutional framework, which led to the creation of a plan for the necessary infrastructure.
Source: Hespress
