International consortium signs MoU for Egypt green ammonia project
he Egyptian government signed a memorandum of understanding (MoU) with the Green Fuel Alliance, France’s EDF Renewables and Egypt’s Zero Waste to explore developing a project to produce green ammonia to supply ships with green fuel
The Egyptian government has signed a memorandum of understanding (MoU) with the Green Fuel Alliance, France’s EDF Renewables and Egypt’s Zero Waste to explore developing a project to produce green ammonia to supply ships with green fuel.
The proposed project will be developed in phases with a total investment requirement of $1bn, with a project capacity of 350 tonnes a day.
The consortium has already concluded preliminary agreements with three international banking institutions to finance the project, according to a report in local media outlet Daily News Egypt. An implementation agreement for the MoU is planned to be signed before the COP 27 climate change conference to be held in Sharm el-Sheikh, Egypt, in November this year, according to the report.
In March, Norway’s signed an MoU with the General Authority for Suez Canal Economic Zone (SCZone), the Sovereign Fund of Egypt, the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA), to jointly develop a green ammonia facility in Egypt with a production capacity of one million tonnes a year.
The green hydrogen and ammonia facility will be located in the SCZONE in Ain Sokhna Industrial Zone and will be powered by renewable energy plants to be built in close proximity on an area of land allocated by NREA. The plant will be designed so it can be expanded up to 3 million tonnes a year in the future.
Energy & Utilities - Middle East and Africa Market Outlook Report 2024.
This must-have report for industry players offers a thorough understanding of the latest developments, challenges, and opportunities in the region, supported by data, analysis, and expert insights.
Latest News
E&U Podcast
Subscribe to our Market Talk podcast for the latest on the key issues and trends in the energy and utilities sector
