Greece’s Naftomar will purchase 400k tons of green ammonia annually from Dai’s plant in Egypt

Greece’s Naftomar inks green ammonia offtake agreement with Dai: Greek petroleum and ammonia distribution company Naftomar signed an agreement with German consulting and infrastructure company DAI Infrastruktur (Dai) to purchase 400k tons of green ammonia per year from it’s Egyptian plant, according to a statement (pdf). The agreement will see Naftomar purchase the green ammonia for a 10 year period from Dai’s East Port Said plant — dubbed Project Ra — which is meant to reach an annual production capacity of 2 mn tons per year. The first ammonia shipment is scheduled for 1Q 2028.

This is the third offtake agreement for the plant: Dai signed a similar agreement last month with UK-based shipping company Freepan Holdings for the sale of 800k tons per year of green ammonia, also to be produced from the company’s East Port Said plant starting 1Q 2028, according to a separate statement. Another smaller agreement of 200k per year was also signed, however the company did not disclose further details, the statement notes. This brings the total offtake signatures of Project Ra to 1.4 mn tons of green ammonia per year.

Powered by renewables: In April, Egypt’s Electricity Ministry allocated 780 km sq of land to Dai to develop two wind parks and a solar farm which will provide the renewable energy needed for the German company to produce 2 mn tons of ammonia per year, according to a statement published at the time.