OCP & Fortescue's JV is very strategic in my opinion.
* Potential for developing manufacturing facilities and a R&D hub in Morocco.
* They plan to build a world class platform for green energy production, manufacturing, and industrial projects.
https://www.ocpgroup.ma/energy-program
* Corridors in close proximity to Europe and the Americas.
* One million hectares of land earmarked in Morocco.
https://www.euronews.com/business/2024/03/13/morocco-pushes-ahead-with-green-hydrogen-investment
* National and foreign investors have already expressed keen interest.
https://www.reuters.com/sustainability/morocco-dedicate-1-mln-hectares-green-hydrogen-projects-2024-03-11/
* Venture capital in both OCP and Fortescue will drive investment.
https://www.moroccoworldnews.com/2024/01/360333/energy-minister-morocco-anticipates-investment-boom-in-green-energy-by-2027
and
https://www.afrik21.africa/en/green-hydrogen-the-broad-outlines-of-moroccos-new-strategy/
* I also see the European Commission playing a major role here. Let's see. They've already provided funding for several projects over the years for Morocco and recently approved funding for Fortescue.
Tony
OCP & Fortescue's JV is very strategic in my opinion.* Potential...
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