Egypt has signed four agreements valued at 31.4 billion euros ($35.4 billion) with European companies to produce green ammonia, a key component in the production of low-carbon fuels, as the north African nation seeks to bolster its renewable energy credentials.
Egypt has signed four agreements valued at 31.4 billion euros ($35.4 billion) with European companies to produce green ammonia, a key component in the production of low-carbon fuels, as the north African nation seeks to bolster its renewable energy credentials.
The deals, unveiled at the Egyptian-European Investment Conference, aim to develop green ammonia production facilities in the Suez Canal Economic Zone, with a combined annual production capacity of 6.241 million tonnes.
The agreements were signed between the Suez Canal Economic Zone and companies including BP Hydrogen, Source Green Hydrogen, Hassan Allam Utilities, Infinity Power Holding, Okior Energy Holding, TAQA Arabia, Voltalia, and DAI Infrastruktur.
One of the deals included a Framework Agreement between Voltalia and TAQA Arabia to develop a cluster combining green hydrogen production with renewable power generation. It covers two phases with a 500 MW electrolyzer each, powered by over 1.3 GW of solar and wind energy to produce 260,000 tons of hydrogen in total.
On its side, Yara Cleam Ammonia agreed to a renewable ammonia offtake from Scatec ASA, the Egyptian Petrochemicals Holding Company (ECHEM) and Misr Fertilizers Production Company (MOPCO). The three companies had entered last year into a joint development agreement and a shareholder agreement for the production of renewable ammonia. The project covers up to 480 MW of renewable energy and a 240 MW electrolyzer to ultimately produce 150,000 tonnes of renewable ammonia per year at MOPCO’s existing Damietta plant. The project is expected to receive financial support from the European Investment Bank.
In another deal, bp entered into a Joint Development Agreement (JDA) with Masdar, Hassan Allam Utilities, and Infinity Power to explore the development of a large-scale green hydrogen project in Egypt. In doing so, the British major joins an existing consortium that seeks to develop a single, large-scale and multiphase green hydrogen project focused on exports.
The projects will be developed in two phases, with commercial operations expected to commence between 2028 and 2032.
Egypt's push into green ammonia production aligns with its broader strategy to become a global hub for renewable energy, leveraging its strategic location and infrastructure to meet growing demand for low-carbon fuels.
Interested in hearing more about the oil, gas and energy industry? Attend AOW, 7-10 October 2024:
The deals, unveiled at the Egyptian-European Investment Conference, aim to develop green ammonia production facilities in the Suez Canal Economic Zone, with a combined annual production capacity of 6.241 million tonnes.
The agreements were signed between the Suez Canal Economic Zone and companies including BP Hydrogen, Source Green Hydrogen, Hassan Allam Utilities, Infinity Power Holding, Okior Energy Holding, TAQA Arabia, Voltalia, and DAI Infrastruktur.
One of the deals included a Framework Agreement between Voltalia and TAQA Arabia to develop a cluster combining green hydrogen production with renewable power generation. It covers two phases with a 500 MW electrolyzer each, powered by over 1.3 GW of solar and wind energy to produce 260,000 tons of hydrogen in total.
On its side, Yara Cleam Ammonia agreed to a renewable ammonia offtake from Scatec ASA, the Egyptian Petrochemicals Holding Company (ECHEM) and Misr Fertilizers Production Company (MOPCO). The three companies had entered last year into a joint development agreement and a shareholder agreement for the production of renewable ammonia. The project covers up to 480 MW of renewable energy and a 240 MW electrolyzer to ultimately produce 150,000 tonnes of renewable ammonia per year at MOPCO’s existing Damietta plant. The project is expected to receive financial support from the European Investment Bank.
In another deal, bp entered into a Joint Development Agreement (JDA) with Masdar, Hassan Allam Utilities, and Infinity Power to explore the development of a large-scale green hydrogen project in Egypt. In doing so, the British major joins an existing consortium that seeks to develop a single, large-scale and multiphase green hydrogen project focused on exports.
The projects will be developed in two phases, with commercial operations expected to commence between 2028 and 2032.
Egypt's push into green ammonia production aligns with its broader strategy to become a global hub for renewable energy, leveraging its strategic location and infrastructure to meet growing demand for low-carbon fuels.
Interested in hearing more about the oil, gas and energy industry? Attend AOW, 7-10 October 2024:
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