A US-led consortium has signed an agreement to invest $4.5 billion in a green ammonia project in Morocco, marking one of the North African country’s largest cleanA US-led consortium has signed an agreement to invest $4.5 billion in a green ammonia project in Morocco, marking one of the North African country’s largest clean

Morocco signs green ammonia project with global consortium

2026/02/09 20:59
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
  • US-led group plans to invest $4.5bn
  • Project based in Laayoune province
  • ORNX finalises deal with government

A US-led consortium has signed an agreement to invest $4.5 billion in a green ammonia project in Morocco, marking one of the North African country’s largest clean energy investments to date.

The project, based in the southern Laayoune province, has a production capacity of 100,000 tonnes of hydrogen and 560,000 tonnes of ammonia.

The ORNX consortium finalised the deal with the Moroccan government last week to secure land for the development of a low-cost ammonia production project, the US embassy in Rabat and Morocco’s media reported.

The ORNX consortium is made up of Ortus from the US, Acciona from Spain and Nordex from Germany, the report said.

The project comprises an energy facility that will be fully powered by renewable energy with a total of more than two gigawatts from wind and photovoltaic solar sources.

A battery energy storage system will support the project, with 900MW dedicated to electrolyser units and a seawater treatment desalination plant.

The consortium is also planning to undertake other projects in Boujdour and Dakhla in south Morocco, according to ORNX’s CEO Peter Gish.

Quoted by Morocco’s media outlets, Gish described the project as a new milestone in the consortium’s journey, showing its commitment to Morocco’s energy future.

In March last year, the Moroccan government announced that five national and international operators, including ORNX, would develop six green hydrogen projects in southern Morocco with an investment of $31 million.

Further reading:

  • Morocco invites bids for 1,000km renewable energy network
  • Moroccan banks poised for accelerated profit growth
  • Morocco bids to become solar panel exporter with $800m plant

In a televised speech last year, King Mohammed VI urged the government to speed up the implementation of Morocco’s offer in the green hydrogen sector “to make sure the requirements of quality are observed,” and to leverage Morocco’s significant potential in this regard and meet the expectations of leading global investors in the promising field.

The new project is in line with Morocco’s national strategy to establish itself as a regional and global centre for the production and export of green hydrogen.

In 2024, Morocco allocated one million hectares of land to support the sector under the “Morocco Offer”, a framework designed to attract large-scale foreign investment in clean energy.

Market Opportunity
4 Logo
4 Price(4)
$0.015279
$0.015279$0.015279
+15.78%
USD
4 (4) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Impact of Iran war on Filipinos: What happens now?

Impact of Iran war on Filipinos: What happens now?

The forecast is dire for Asia
Share
Rappler2026/03/29 08:03
How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings

The post How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings appeared on BitcoinEthereumNews.com. contributor Posted: September 17, 2025 As digital assets continue to reshape global finance, cloud mining has become one of the most effective ways for investors to generate stable passive income. Addressing the growing demand for simplicity, security, and profitability, IeByte has officially upgraded its fully automated cloud mining platform, empowering both beginners and experienced investors to earn Bitcoin, Dogecoin, and other mainstream cryptocurrencies without the need for hardware or technical expertise. Why cloud mining in 2025? Traditional crypto mining requires expensive hardware, high electricity costs, and constant maintenance. In 2025, with blockchain networks becoming more competitive, these barriers have grown even higher. Cloud mining solves this by allowing users to lease professional mining power remotely, eliminating the upfront costs and complexity. IeByte stands at the forefront of this transformation, offering investors a transparent and seamless path to daily earnings. IeByte’s upgraded auto-cloud mining platform With its latest upgrade, IeByte introduces: Full Automation: Mining contracts can be activated in just one click, with all processes handled by IeByte’s servers. Enhanced Security: Bank-grade encryption, cold wallets, and real-time monitoring protect every transaction. Scalable Options: From starter packages to high-level investment contracts, investors can choose the plan that matches their goals. Global Reach: Already trusted by users in over 100 countries. Mining contracts for 2025 IeByte offers a wide range of contracts tailored for every investor level. From entry-level plans with daily returns to premium high-yield packages, the platform ensures maximum accessibility. Contract Type Duration Price Daily Reward Total Earnings (Principal + Profit) Starter Contract 1 Day $200 $6 $200 + $6 + $10 bonus Bronze Basic Contract 2 Days $500 $13.5 $500 + $27 Bronze Basic Contract 3 Days $1,200 $36 $1,200 + $108 Silver Advanced Contract 1 Day $5,000 $175 $5,000 + $175 Silver Advanced Contract 2 Days $8,000 $320 $8,000 + $640 Silver…
Share
BitcoinEthereumNews2025/09/17 23:48
Coinbase Joins Ethereum Foundation to Back Open Intents Framework

Coinbase Joins Ethereum Foundation to Back Open Intents Framework

Coinbase Payments has joined the Open Intents Framework as a core contributor, working alongside Ethereum Foundation and other major players. The initiative aims to simplify complex multi-chain interactions through automated solver technology. The post Coinbase Joins Ethereum Foundation to Back Open Intents Framework appeared first on Coinspeaker.
Share
Coinspeaker2025/09/18 02:43