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Emirati firms inked a slew of agreements — totaling more than USD 30 bn in investments — for green hydrogen and renewables projects in Egypt during the two-day Egypt-EU Conference, which wrapped on Sunday.
#1- More from Infinity-Masdar-Hassan Allam: Renewables giant Masdar, along with our friends at renewables firm Infinity, Hassan Allam, and global energy giant BP will set up a USD 15 bn green hydrogen project in the Suez Canal Economic Zone under a joint development agreement, according to a statement (pdf). The project is currently in the feasibility studies phase and will be fully operational in ten years time, Infinity Chairman Mohamed Mansour told Enterprise.
The details: The companies will integrate their existing green hydrogen projects and study the possibility of developing a single, large-scale, multi-phased project for the production and export of green hydrogen and its derivatives. BP will act as the main developer and operator of the project.
#2- A EUR 7 bn plant by EDF + Zero Waste: France’s EDF Renewables and Egyptian-Emirati firm Zero Waste will set up a EUR 7 bn three-phase green hydrogen and ammonia project near Hurghada at Ras Shoukair Port, according to a statement. The EUR 2 bn first phase of the project aims to produce 1 mn tons of green ammonia annually with the production earmarked to supply ships with green fuels and for exports. The project will also include the financing and development of a new 400 meter shipping dock and a seawater desalination unit to feed all stages of the project.
#3- A lot more green ammonia for Ain Sokhna: Abu Dhabi-headquartered Ocior Energy has inked a USD 4.3 bn agreement with the Sovereign Fund of Egypt (SFE) to develop a green ammonia plant at the Port of Ain Sokhna, according to a statement. The plant will primarily cater to European markets, addressing the growing demand for sustainable ammonia.
And another USD 3.5 bn Taqa Arabia-Voltalia project: A consortium of Taqa Arabia and France’s Voltalia will build a USD 3.5 bn green ammonia project at Ain Sokhna, under another agreement inked with SFE.
PLUS- Scatec advances its green hydrogen project: The SFE signed a binding offtake agreement with Egypt’s Orascom Construction, Norway’s Scatec, and UAE-headquartered urea and ammonia exporter Fertiglobe to produce 100 MW of green hydrogen from its Ain Sokhna plant, according to a statement. Fertiglobe will buy the plant’s production of green ammonia for the coming 20 years — marking the world’s first long-term green ammonia purchase agreement.
The details: The plant kicked off its first phase in November 2022 and aims to produce some 13k tons of green hydrogen a year, which will be used to create 70k tons of green ammonia at Fertiglobe’s ammonia plants. 270 MW of solar and wind power plants will be installed to power the plant.
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Taqa eyes 150 MW of solar energy in Egypt: Taqa Arabia is in talks with companies in the tourism, industrial, and agricultural sectors to produce some 150 MW of solar energy in Egypt, Chairman Khaled Abu Bakr told Zawya.
