KGAL Investment Management and KfW will back a Moroccan green hydrogen-based ammonia project with a non-refundable €30m ($31.3m) grant after it was selected by the PtX Development Fund.
The two companies reviewed a total of 98 expressions of interests from seven countries before signing a grant agreement with INNOVX’s Hydrojeel for its Jorf Hydrogen Platform project.
The initiative is being developed by Hydrojeel on behalf of Morocco’s OCP Group. It will be located in the Jorf Industrial Park facility at the port of Jorf-El Jadida and is expected to produce 100,000 tonnes of green ammonia per year by the end of 2026.
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