Semadco is one step closer to bringing its Suez green ammonia factory to life: State-owned El Nasr for Fertilizers & Chemical Industries (Semadco) has reportedly requested a plot of land from the Egyptian Electricity Ministry to set up a wind and solar power farms with a combined capacity of 500 MW to power its planned green ammonia factory in Suez, Al Mal reported on Wednesday, citing sources it said have knowledge of the matter.

What we know: The green ammonia project — reported to be a co-development with Benchmark Power International — will be built on 470k sqm land under a usufruct agreement, with a production capacity of 1k tons of green ammonia daily, the sources told Al Mal. The project will also include a 9.5 km pipeline linking the plant to Adabiya port to facilitate exports.

What might be next? The ministry is expected to allocate land for the wind farm before year-end. No other timeline details were made available.

There have been some investment ticket discrepancies: The total investment ticket of the project was initially reported to reach USD 1 bn in December 2023, with unconfirmed reports about the US Export and Import Bank making an initial approval for a USD 847 mn loan for the project.

REFRESHER- Semadco reportedly signed an MoU with Benchmark Power International for the project in 2019. The plant will have a production capacity of 1k tons of green ammonia daily, according to a Cabinet statement published in December 2023.

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