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GREEN HYDROGEN IN MOROCCO
A PATHWAY TO DECARBONIZING INDUSTRY
June 18th, 2020
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GREEN HYDROGEN IN MOROCCO : A PATHWAY TO INDUSTRY DECARBONISATION
Ithmar Capital, a Multi-Sectoral Sovereign Strategic Investment Fund whose mission is to support productive investment and the implementation of national sectoral strategies
Sovereign Strategic Investment Fund of Morocco founded in 2011 to
support Morocco's Tourism strategy
Initial commitment by the Government to reach MAD 15 billion over a
10-year period with a share capital of MAD 1.5 billion
Mandate enlarged to all the productive sectors of the economy in 2019
A portfolio of structuring projects, mainly touristic stations and multi-
destination real estate complexes
A dual approach seeking economic impact and commercial viability to
direct private capital towards sectoral strategies
A trusted third party synthesizing the challenges of the public sector
and private operators100% owned by the Moroccan Government
3(1) Current national commitments
Source: Hydrogren Roadmap Europe
GREEN HYDROGEN IN MOROCCO : A PATHWAY TO INDUSTRY DECARBONISATION
Current strategies are not sufficient to decarbonize our economies towards a sustainable future…
CHALLENGES
- Achieving deep decarbonization
- Manage variable RE
- Meeting customers' expectations
- Retaining EU technology leadership to
create jobs and wealth
4Source: McKinsey & Co.
GREEN HYDROGEN IN MOROCCO : A PATHWAY TO INDUSTRY DECARBONISATION
…electrification could tackle an important part of the industry decarbonisation…
INDUSTRY ENERGY CONSUMPTION BREAKDOWN 2017
Fuel consumption accounts for almost 45% of energy consumption. It includes generation of heat for processes such as drying,
melting and cracking
Almost half of fuel consumed for energy can be electrified with technology available today for temperature ranging from below 100°C
to 1,000°C
Zero-carbon electricity consumption in the industrial sectors in 2050 should increase from 6 EJ per year in a business as usual case to
c.25 to 55 EJ per year in a decarbonization case which translates in in terms of generation capacity to installing another c.2,000 GW to
4,000 GW of wind capacity or by adding c.3,000 GW to 7,000 GW of solar PV
5Source: IAE
…Hydrogen is a credible option for the decarbonization efforts due to his various sources and applications…
GREEN HYDROGEN IN MOROCCO : A PATHWAY TO INDUSTRY DECARBONISATION
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A crucial component in overcoming many energy challenges and decarbonization gaps…
GREEN HYDROGEN IN MOROCCO : A PATHWAY TO INDUSTRY DECARBONISATION
Integrate more renewable energies notably by developing additional capacities in regions with untapped solar & wind resources
Decarbonize energy intensive sectors : heavy industries (steel, non-ferrous metals, etc.), transportation (trucks, ships, planes),
heating, etc.
Increase energy security by diversifying the power mix and bringing some flexibility to the grids
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…particularly with large scale potential in energy intensive industries
GREEN HYDROGEN IN MOROCCO : A PATHWAY TO INDUSTRY DECARBONISATION
Most efficient way today to decarbonize steel making : Hydrogen based direct reduction process
Replace with/include hydrogen in existing processes used in industrial heating
Hydrogen as a feedstock : fertilizers and e-fuels
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GREEN HYDROGEN IN MOROCCO : A PATHWAY TO INDUSTRY DECARBONISATION
1,2 GW installed wind capacity
0,7 GW installed solar capacity
1,7 GW installed hydro capacity
10,9 GW
3,7 GW
(34%)
7,2 GW
(66%)
MOROCCO RE STRATEGY
Thermal Total installed capacity
In 2019, Morocco becomes net exporter of electricity to Spain
By 2020
42% of RE mix
By 2030
52% of RE mix
Morocco RE strategy has led to significant achievements
By 2020
42% of RE mix
By 2030
52% of RE mix
Renewables
9Source: * IEA
GREEN HYDROGEN IN MOROCCO : A PATHWAY TO INDUSTRY DECARBONISATION
Green hydrogen
production cost
expected to be
40% less in North
Africa than in
Europe
Morocco, long term partner of Europe, acting as green hydrogen production platform
Long term domestic production costs of hydrogen*
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GREEN HYDROGEN IN MOROCCO : A PATHWAY TO INDUSTRY DECARBONISATION
Partnerships are key to achieve competitive green hydrogen production in Morocco
FIRST INITIATIVES
Partnership with Germany to developp first green hydrogen
project
Partnership between Fraunhofer, IRESEN & OCP (importer of 1MTon
of ammonia per year)
Extensive H2 developmentFirst H2 commercial projets
LCOHLevel
Evolution