Scatec, partners ink MoU for large-scale green ammonia facility in Egypt
Solar park in Egypt's Aswan province. Photo by: EBRD (www.ebrd.com).
March 10 (Renewables Now) - Norwegian renewable power producer Scatec ASA (OSL:SCATC) and a couple of partners in Egypt are planning to develop a green ammonia plant in the North African country with a capacity to produce one million tonnes per year which could be later expanded to three million tonnes.
Scatec said today that it has signed a memorandum of understanding (MoU) for the project with the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC), and the New and Renewable Energy Authority (NREA).
The facility will be developed in phases in the Ain Sokhna Industrial Zone at the southern gateway to the Suez Canal. To power the green hydrogen and ammonia plant, the partners plan to build renewable energy plants in its proximity. The green ammonia will be marketed through long-term off-take agreements and exported to European and Asian markets where demand is growing.
The project represents "a first step towards the adoption of the green ammonia technology and creation of a green fuels’ industrial hub in the SCZONE" said SCZONE's chairman Yehia Zaki, while also pledging to provide the support needed to speed up the implementation of the project.
Last October, Scatec unveiled a plan to develop a green hydrogen production plant in Egypt with an electrolyser capacity of between 50 MW and 100 MW in partnership with Fertiglobe plc and TSFE. The hydrogen produced at the plant will be used as feedstock for green ammonia production, the Norwegian company said back then.
Anna is a DACH expert when it comes to covering business news and spotting trends. She has also built a deep understanding of Middle Eastern markets and has helped expand Renewables Now's reach into this hot region.