Cepsa CEO Martin Wetselaar plans to create a water canal to allow hydrogen to be supplied from Morocco to the refinery in San Roque.
Wetzellar presented his company’s energy materials strategy at a conference on the “new economy” held in Madrid, emphasizing his desire to increase the export of traditional products (fuel) to Africa while also encouraging the use of more sustainable products in Europe.
With hydrogen imported at a competitive price, Cepsa’s CEO expressed confidence that power prices in Spain will be significantly lower in the future.
The same spokesperson stated that the industry needs a hydrogen price of $2 to 2.5, with a consumer price of $3 to $4, as opposed to the $6 to $7 it now costs.
Green support for my organization must be negotiated in order to speed the development of this hydrogen technology, since it ensures that there will be no difficulty generating power for the next 20 years, unlike solar or wind energy.
Two collaborative statements on industrial decarbonization and green hydrogen have been signed by Morocco and the United Nations Industrial Development Organization (UNIDO).
“UNIDO DG Muller signs Joint Declarations to Support the Industrial Sector and the SDGs in Morocco during his first official tour to Africa and the Arab area,” UNIDO tweeted.
UNIDO Director-General Gerd Muller and Morocco’s Minister of Industry and Trade, Ryad Mezzour, signed a proclamation yesterday that backed up the country’s climate change policy.
To decarbonize industrial operations, the statement advocated for the creation of a national strategy to coordinate and monitor the progressive decrease of hydrofluorocarbon (HFC) gases in the industrial sector.
According to Mezzour, the joint declaration also calls for the creation of an industrial analysis platform (IAP) to identify and implement “digital innovation projects and capacity building programs in the areas of industrial decarbonization, technology transfer, and advanced digital production, international trade, and investment.”
Leila Benali, Morocco’s Minister of Energy Transition and Sustainable Development, joined Muller and Mezzour in signing the second joint statement on green hydrogen development.
“This new impetus to our partnership will promote…industrial decarbonization, resilient, inclusive, and sustainable development, as well as the priorities of the Kingdom’s new development model,” Mezzour said, adding that the goal is to make “Morocco the world’s most competitive carbon-free industrial base.”
“UNIDO will leverage its collaboration platform to help Morocco in renewable energy, circular economies, and data-driven industry to accomplish the lofty goals of industrial sector decarbonization and the SDGs,” Muller said.
Muller’s discussions with Morocco’s Head of Government Aziz Akhanouch and Minister of Foreign Affairs Nasser Bourita focused on the expansion of collaboration with Morocco and UNIDO.
Morocco developed an industrial estate webpage during Muller’s visit. The platform was created in collaboration with the United Nations Industrial Development Organization, the Millennium Challenge Corporation, the Millennium Challenge Account-Morocco, and Moroccan industrial zone developers.
It provides technical information about Moroccan industrial zones as well as the latest news on their regulation and growth in order to further enlighten investors about Morocco’s attraction as a top business location.