Egypt Signs USD5bn Agreement to Produce Green Ammonia

Giving More to Your Wealth
13 Mar 2022

Egypt has signed a USD5bn preliminary agreement with Scatec, a Norwegian renewable energy company, to produce green ammonia from green hydrogen. The project will be located in the Suez Canal Economic Zone, and production is expected to commence in 2025. Implementation of the project will be over two phases, with an initial production capacity of 1mn tons/year. The facility will be prepared to expand production to reach 3mn tons/year. The output green ammonia will probably be exported to Europe and Asia.

Note that green hydrogen is produced from renewable energy sources. This project further solidifies Egypt’s commitment and policy direction towards increasing the share of renewable energy projects in the economy, not just at the power generation phase but also further down the value chain. It is worthy to note that Egypt will be hosting the COP 27 global climate conference in November 2022 as part of its concerted efforts to become a regional clean energy hub.

(Source: Scatec (English), Suez Canal Economic Zone (English), Reuters (English), Renewable Energy Magazine (English), Energy Capital & Power (English), Energy Voice (English), Renewables Now (English), Xinhua (English), Zawya (English) (Arabic), Egypt Today (English), Arab News (English), al-Sharq al-Awsat (English), al-Ahram, al-Youm al-Saabe, al-Masry al-Youm, al-Arabiya, RT)

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