Egypt’s government has struck an agreement with TotalEnergies and Enara Capital to generate 300,000 tons of green ammonia yearly in the Sokhna region using sustainable energy.
The Egyptian General Authority for the Suez Canal Economic Zone (SCZone), Egypt’s Sovereign Fund, Egypt’s Electricity Transmission (EETC), Egypt’s New and Renewable Energy Authority (NREA), Egyptian company Enara Capital, and the alliance of French “Total” companies signed a Memorandum of Understanding.
Prime Minister Moustafa Mabouli, Minister of Electricity and Renewable Energy Mohamed Shaker, and Minister of Planning and Economic Development Hala al-Saeed were present for the signing.
During the ceremony, the Prime Minister stated that Egypt is trying to promote the transition to a green economy based on renewable energy, particularly by providing facilities and incentives to attract green investments.
Green ammonia is a carbon-free, renewable ammonia made from green hydrogen, which is generated by “using hydrogen from water electrolysis and nitrogen extracted from the air.”
According to President Abdel-Fattah El-directions, Sisi’s the administration plans to sign more memorandums of understanding in this subject.
After the phase, the project is expected to enhance production to 1.5 million tons per year if it is fueled with green hydrogen created from clean and renewable energy sources.
According to SCZone Chairperson Zakaria, the Suez Canal Economic Zone has reached agreements with a number of large worldwide clean energy businesses to develop industrial complexes for the production of green hydrogen.
This coincides with Egypt’s hosting of the Conference of the States Parties to the United Nations Framework Convention on Climate Change (COP27), which will take place in Sharm El-Sheikh in November.
The Egyptian government has set aside a number of locations in the Suez Canal Economic Zone for the production of green hydrogen.
Egypt’s SCZone authority and Abu Dhabi Future Energy Company (Masdar) signed two memorandums of agreement in April 2022 to establish green hydrogen facilities.
Two memorandums of understanding were signed in March 2022 by the Egyptian Sovereign Fund, Norway’s Scatec ASA for renewable energy systems, Orascom Construction, Fertiglobe, and the Egyptian Fertilizers Company to build and operate a green hydrogen plant with a capacity of 100 megawatts at Ain Sokhna Industrial Zone.
In the same month, the prime minister witnessed the signing of an agreement to create green hydrogen, which would be used to fuel ships, at a plant in Ain Sokhna.
Recall, on Wednesday May 11, News Central reported that Egypt’s Ministry of International Cooperation inked development financing grants worth US$145.64 million with the European Union, E.U, to boost a number of sectors.
The signing took place in Egypt on Europe Day, at a ceremony hosted by Egypt‘s Ministry of International Cooperation and the E.U.
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