Germany – PtX Development Fund by KfW and KGAL grants €30 million to Moroccan hydrogen project
Frankfurt, 13/02/2025 – The PtX Development Fund1 for the promotion of hydrogen projects in developing and emerging economies has approved its second grant, and closed its first call for expressions of interest. HydroJeel, a business of INNOVX, will receive €30 million for the Jorf Hydrogen Platform, located in the coastal regions of the Kingdom of Morocco. The second call for expressions of interest opened in January and is expected to close on 5 March 2025.
KGAL Investment Management GmbH & Co KG, the fund manager mandated by KfW, had intensively reviewed a total of 98 expressions of interest from seven countries. The grant agreement with HydroJeel was officially signed on 12th February, 2025 in Casablanca in the presence of His Excellencies Robert Dölger Ambassador of Germany in the Kingdom of Morocco and Jochen Flasbarth, State Secretay of German Federal Ministry of Economic Cooperation and Development (via video), Amine Houssaim, CEO of HydroJeel and INNOVX as well as representatives of the KfW office in Rabat and executives from the bank’s headquarters.
The PtX Development Fund,1 initiated by the BMZ and endowed with €270 million, is part of KfW’s PtX Platform for promoting hydrogen projects in the global South. It will provide the Jorf Hydrogen Platform with a €30 million non-refundable grant. The project exemplifies the objectives of the PtX Development Fund, reducing greenhouse gas (GHG) emissions and transitioning to clean energy production, contributing to the achievement of ambitious national and international climate goals. It will also improve cost structures and resilience by reducing Morocco’s dependence on fossil energy vectors. In addition, the project expects to see a scaling effect based on these outcomes.
A project with a significant local impact
Hydrojeel developed the Jorf Hydrogen Platform on behalf of the OCP Group. In its Jorf Industrial Park facility at the port of Jorf-El Jadida, it aims to produce 100,000 tons of green ammonia per year by the end of 2026. The project anticipates an annual reduction of around 300,000 teq of CO2 equivalent*.
The industrial project will also support the local economy by creating reliable jobs, developing new value chains and initiating a technological cooperation with local research and educational institutes.
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Germany – PtX Development Fund by KfW and KGAL grants €30 million to Moroccan hydrogen project
