Egypt’s Abu Qir wants to leverage green ammonia to decarbonize fertilizer production: Egypt’s Abu Qir Fertilizers signed an MoU with Swedish-Swiss multinational ABB Group, sustainable infrastructure solutions firm MPS Infrastructure, and Egypt’s state-owned construction firm Petrojet for the supply of green hydrogen and renewable electricity to produce green ammonia, according to a statement. The amount of green hydrogen and renewable energy capacity to be supplied were not provided.

What we know so far: North Abu Qir for Agricultural Nutrients — an arm of Abu Qir established last year — will use the clean power to produce green hydrogen to use as feedstock for green ammonia generation, a raw material needed for ammonium nitrate production. Abu Qir’s plant is targeting a 2.4k ton daily production capacity, the statement notes.

Abu Qir is going big on green fuels: Abu Qir Fertilizers, Helwan Fertilizers, and Al Ahly Capital Holding established a joint venture — Misr Methanol and Petrochemicals — in 2021 to invest USD 1.6 bn in Egypt’s green fuels sector. The consortium is in talks with the government on a USD 1.2 bn investment into the first phase of a green ammonia plant in Egypt’s SCZone, which will produce 1 mn tons of methanol and 400k tons of ammonia annually once operational. Back in October, Abu Qir also signed an agreement with the China International Energy Group (CIEG) to establish a green hydrogen plant at one of its factory sites.

IN OTHER EGYPT NEWS- House gives final approval for green hydrogen incentives: Egypt’s House of Representatives has given its final approval for a cabinet-drafted decision putting forward a package of incentives for Egypt’s green hydrogen industry, according to a statement. This would grant a series of tax-breaks as well as non-tax incentives to companies implementing green hydrogen projects within five years and deriving a certain percentage of their funding from foreign investors. The incentives were originally greenlit by the cabinet in May, and were later approved by the House Energy and Environment Committee last month.

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