Dubai-based clean power producer AMEA Power said today it is planning to produce 390,000 tonnes of green ammonia per year in Ain Sokhna, Egypt, for export purposes.
A memorandum of understanding (MoU) on the project has been signed with the General Authority for Suez Canal Economic Zone (SCZONE), the Sovereign Fund of Egypt, the Egyptian Electricity Transmission Company (EETC), and the New and Renewable Energy Authority (NREA).
The energy company will use large-scale electrolysers to produce green hydrogen which will serve as feed-stock for the production of green ammonia at a nearby facility. The clean fuel will be then exported via the port of Ain Sokhna.
AMEA Power noted that the agreement is the first of multiple green hydrogen and ammonia projects that the company is currently
discussing across the Middle East and Africa. The clean energy producer already has 1,000 MW of wind and solar capacity in Egypt.
Additionally, SCZONE has signed another memorandum of understanding (MoU) with a consortium of EDF Renewables and ZeroWaste for the production of 350,000 tonnes of green fuel annually in the Ain Sokhna region to supply ships.
The project involves USD 3 billion (EUR 2.77bn) of investments and will be implemented in several phases, the Egyptian Cabinet said on Wednesday.
(USD 1 = EUR 0.923)
Source: renewablesnow
