POWER!!!! Fortescue Future Industries, page-4494

Wes,

This meeting was held six months after the circular for the "Morocco Offer".

Moroccan Agency for Sustainable Energy (MASEN) has so far received nearly 40 project applications.

https://en.yabiladi.com/articles/details/153537/morocco-s-green-hydrogen-offer-receives.html

What does this illustrate?

That there's significant interest already from national and international investors in the energy sector.

Remember, more than 1 million hectares of public high-potential, dedicated and accessible land is designated for the development of the green hydrogen sector.

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 wonder whether the European Commission will playing a major role here? Note, they've already provided funding for several projects over the years for Morocco and recently approved funding for Fortescue.

Norway. Morocco and Orman projects should be next.

To all the media and naysayers that think green hydrogen is dead, think again, or better still, I suggest you have more homework to do.

Bargain prices.

Exciting times.

Tony