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More details on Masdar-backed consortium’s green ammonia project in Egypt: Masdar, BP, Hassan Allam Utilities, and Infinity will build an 8 GW green hydrogen and ammonia plant with some USD 12 bn in financing, Infinity Power Chairman Mohamed Mansour told Al Arabyia. The project — which targets 300 MW of capacity in its first phase — will be financed through a mix of equity and bank loans and is expected to reach financial close within two to three years. The firms are yet to secure land for the green energy complex.
ICYMI- The consortium agreed to set up a USD 15 bn green hydrogen project in Egypt’s Suez Canal Economic Zone at the Egypt-EU conference earlier this week, and signed a joint development agreement to explore establishing a multi-phase green hydrogen in Egypt. BP will serve as the main developer and operator of the proposed project which will focus on exports.
ALSO- Another update on Egypt’s mega wind project: The Infinity Power-Hassan Allam Utilities-Masdar consortium was meant to receive the land for their USD 11 bn 10 GW wind farm project in Sohag yesterday, Mansour added. The consortium will conduct a year-long wind assessment study before financial closure. The land access agreement was signed with the Egyptian government last month.
ICYMI- Construction on the mega project was delayed and is set to start in March 2026, Mansour told Bloomberg in an interview last month. Construction was initially set for this year but fell behind due to land procurement issues in West Sohag. The farm is now expected to become operational by 2032.
OTHER ENERGY NEWS-
Cepsa + PreZero Spain sign biomethane agreement: Spanish oil and gas company Cepsa — which is majority owned by sovereign fund Mubadala and Carlyle Group — and Schwarz Group’s environmental arm, PreZero Spain, agreed to partner on biomethane plants using organic waste, according to a statement. The pair will recover waste and convert it into raw material to produce 2G biofuels and circular chemical products.
What’s planned? The companies plan to build their first plant with up to 100 GWh capacity in Cepsa’s Palos de la Frontera, where it has an energy park, and a 1 GW green hydrogen plant to supply the Andalucian Green Hydrogen Valley and Cepsa’s new second generation biofuels plant with renewable energy. Cepsa will receive biogenic CO2 from PreZero’s biomethane plants, used cooking oil, and other organic waste to produce synthetic fuels. The agreement also includes plans to decarbonize PreZero’s private 750 vehicle land fleet in Spain.
