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.
The project will use wind and solar power from newly built plants to produce green hydrogen before converting it into ammonia for fertiliser production. In its initial phase, OCP Group will offtake the entire output for green fertiliser production for domestic use.
OCP Group plans to reach one million tonnes of green ammonia production by 2027 and three million by 2032 to ensure Morocco reduces its reliance on imported grey fertilisers.
“Hydrojeel will use state-of-the-art methods, and all the risks – from development to offtake – have been considerably minimised,” explained Thomas Engelmann, Managing Director of the PtX Development Fund and Head of Energy Transition at KGAL.
The BMZ launched the PtX Development Fund with €270m ($281m) to support KfW’s PtX Platform, aimed at advancing hydrogen projects in the Global South.
Overall, the first call for expressions of interest resulted in grants totalling €60m ($75m). Therefore, the PtX Development Fund has launched the second round, which will close on March 5, 2025.
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