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Egypt has signed four framework agreements worth €31.4 billion to develop green ammonia projects with a total estimated production capacity of 6,241,000 tonnes per annum.
The agreements were signed by Waleid Gamal El-Dien, Chairman of SCZONE, Mohamed El-Khayat, CEO of the New and Renewable Energy Authority (NREA), and Ayman Soliman, CEO of The Sovereign Fund of Egypt (TSFE) on the sidelines of the Egypt-EU Investment Conference last week.
Agreement details are as follows:
Developer: Consortium of UK's BP, UAE's Masdar, Egypt's Hassan Allam Utilities, and Infinity Power
Location: Sokhna integrated zone.
Investment: €13.5 billion.
Pilot Phase: Annual production capacity of 330,000 tonnes, full commercial operations by Q4 2030.
Phase 1: Production capacity of 2.5 million tonnes/year, commercial operations by Q4 2032.
Developer: UAE-based Ocior Energy Holding
Location: Sokhna integrated zone.
Investment: €3.9 billion.
Pilot Phase: Annual production capacity of 100,000 tonnes, commercial operations by Q4 2029.
Phase 1: Production capacity of 900,000 tonnes/year, commercial operations by Q4 2031.
Developer: Consortium of Egypt's TAQA Arabia and France's VOLTALIA
Location: Sokhna integrated zone.
Investment: €3.8 billion.
Pilot Phase: Annual production capacity of 355,700 tonnes, commercial operations by Q4 2030.
Phase 1: Annual production capacity of 355,700 tonnes, commercial operations by Q4 2032.
Developer: Germany's DAI Infrastruktur (DAI)
Location: East Port Said Integrated Zone.
Investment: €10.2 billion.
Single Phase: 1.7 million tonnes per annum, commercial operations by Q4 2028.
(Writing by Eman Hamed; Editing by Anoop Menon)
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