on ENGIE (EPA:ENGI)
Strategic partnership between the OCP Group and ENGIE for the energy transition
OCP Group and ENGIE have signed a strategic agreement to accelerate the energy transition in Morocco. This partnership, established on October 28 in Rabat, aims to develop ambitious renewable energy production and energy storage projects. It is accompanied by a decarbonization strategy for OCP Group.
Among the projects, the creation of infrastructure to exploit green ammonia and the development of desalination capacities for agriculture are planned. The objective is also to strengthen the local industrial ecosystem by generating economic and technological opportunities.
This partnership is part of a shared vision of the two groups to promote the energy transition, involving low-carbon solutions. A possible joint venture is being considered to support this initiative.
R. E.
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