{"id":88533,"date":"2024-12-10T00:00:00","date_gmt":"2024-12-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/10\/we-have-details-on-dahamcos-morocco-green-ammonia-project\/"},"modified":"2024-12-10T00:00:00","modified_gmt":"2024-12-10T00:00:00","slug":"we-have-details-on-dahamcos-morocco-green-ammonia-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/10\/we-have-details-on-dahamcos-morocco-green-ammonia-project\/","title":{"rendered":"We have details on Dahamco\u2019s Morocco green ammonia project"},"content":{"rendered":"

Dahamco\u2019s Dakhla green<\/strong> ammonia project has most of its ducks in a <\/strong>row: <\/strong>Emirati-Moroccon private venture Dahamco is developing a MAD 254 bn (c. USD 25.46 bn) hydrogen and ammonia project in Dakhla, Morocco, having finalized designs and mobilized investors for financing, Dahamco President Tom Hanson told Le Matin<\/a>. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

Waiting for sign off: <\/strong>The renewables venture has already received approval from the Moroccan government for the project and secured land use rights in 2022, he said. If agreements are finalized by 1Q 2025, the first phase could be operational by 2031, he added.<\/p>\n

About the project: <\/strong>Phase 1 of the plant will cost MAD 40 bn (c. USD 4.01 bn), with a planned annual production of almost 1 mn ton of green ammonia per year pegged for exports to Amsterdam, Rotterdam, and Antwerp for maritime transport and industry use, Hanson said. The plant will continue to be developed in phases to avoid the risks of \u201ctoo early\u201d adoption, where production for local industry may begin. The plant is also designed to harness the region\u2019s rich wind and solar energy. <\/p>\n

Where\u2019s the money coming from? <\/strong>Dhamaco plans on raising the project\u2019s first phase funds through equity and debt mix. However, it anticipates difficulties in securing enough interest unless some obstacles related to the sector in Morocco are addressed, Hanson told Le Matin. <\/p>\n

The obstacles? <\/strong>The government needs to streamline permits and ensure a comprehensive, predictable regulatory framework exists, and investments in hydrogen and ammonia transportation and storage infrastructure must flow in faster to accommodate the targeted production expansion, he said. <\/p>\n

Morocco has big hydrogen plans: <\/strong>Morocco\u2019s cabinet greenlit the \u201cMorocco Offer\u201d<\/a> initiative \u2014 a six-stage framework geared towards attracting green hydrogen investments in the kingdom \u2014 in March. The framework covers a range of projects in the green energy sector, including renewables and green hydrogen, ammonia, and fuels such as green methanol and synthetic fuels. Under its ambitious plans, Morocco is set to become one of the world\u2019s leading clean hydrogen producers<\/a> by 2050 and could account for up to 4% of the global market by 2030. The country is also looking to partner with Germany<\/a> on renewables, including green hydrogen. <\/p>\n","protected":false},"excerpt":{"rendered":"

The company president discussed the project and potential obstacles in the market<\/p>\n","protected":false},"author":1,"featured_media":88534,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[346],"tags":[11,241,151,45],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-ammonia","tag-enterpriseclimate","tag-green-ammonia","tag-investment-watch","tag-morocco","wpautop","entry"],"acf":{"mongo_id":"76f767d5-d421-41d5-b263-6902217b5ae9","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/2242.jpg","photo_position":"above","homepage_title":"","full_issue_title":"We have details on Dahamco\u2019s Morocco green ammonia project","related_issue":[88521],"teaser":"The company president discussed the project and potential obstacles in the market","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.801a3465-7528-4631-a19e-c49ca25ab3ef.mp3"},"yoast_head":"\nWe have details on Dahamco\u2019s Morocco green ammonia project - 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