Renewable power producer Scatec has signed a Memorandum of Understanding (MoU) with several Egyptian authorities for the development of the first large-scale green ammonia plant in the country. Partners include the General Authority for the 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).
Located in the SCZone in the Ain Sokhna Industrial Zone, the green ammonia plant will boast an initial capacity of one million tons per annum, with the possibility of expanding to three million tons per annum, as the project will be implemented in phases. Upon completion, the green ammonia will be used primarily for export to Europe and Asia.
Demonstrating the country’s commitment to clean energy production, the facility will be supplied by renewable energy plants to be constructed nearby on land allocated by the NREA.
“We are proud to partner once more with the Government of Egypt represented by SCZone and the TSFE, as well as with our long-term partners the EETC and the NREA, for the realization of this exciting large-scale green ammonia project in Egypt,” said Raymond Carlsen, CEO of Scatec. “We believe that no effort should be spared to accelerate the energy transition, and we are thrilled to be contributing to Egypt’s aspiration to become a hub for green fuel.”
“The SCZone welcomes the opportunity of partnering with the distinguished public and private entities joining forces for the development of this megaproject, and we look forward to witnessing its execution over the coming months as a first step towards the adoption of the green ammonia technology and creation of a green fuels’ industrial hub in the SCZone. We are ready to provide all the support needed to expedite the project’s implementation,” said Yehia Zaki, SCZone Chairperson.