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.

WATCH THIS SPACE-

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.

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