{"id":77401,"date":"2023-05-15T06:10:33","date_gmt":"2023-05-15T06:10:33","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/15\/scatec-inks-an-agreement-with-egypt-to-build-the-countrys-first-green-methanol-plant\/"},"modified":"2023-05-15T06:10:33","modified_gmt":"2023-05-15T06:10:33","slug":"scatec-inks-an-agreement-with-egypt-to-build-the-countrys-first-green-methanol-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/15\/scatec-inks-an-agreement-with-egypt-to-build-the-countrys-first-green-methanol-plant\/","title":{"rendered":"Scatec inks an agreement with Egypt to build the country\u2019s first green methanol plant"},"content":{"rendered":"

<\/a> Egypt is getting its first green methanol plant:<\/strong> Egyptian petrochemicals firm Alexandria National Refining & Petrochemicals (ANRPC) signed a cooperation agreement with Norwegian renewables developer Scatec to jointly establish the country\u2019s first green methanol production facility at a cost of around USD 450 mn, according to a statement<\/a>. The timeline for the project\u2019s completion has not been revealed.<\/p>\n

The details: <\/strong>Scatec and ANRPC\u2019s green methanol plant \u2014 to be built in Egypt\u2019s Damietta Port \u2014 will have an initial yearly production capacity of 40k tons of the green fuel, and the two companies will provide 40 MW of solar energy and 120 MW of wind power respectively to power the project, the statement notes. The plant will be powered by a 60 MW electrolyzer, will source its water supplies from a yet-to-be-established desalination plant, and could see its production quota upped to 200k tons of green methanol annually, according to the government statement. The new facility \u2014 which will provide an alternative to carbon-intensive shipping fuels \u2014 is part of Egypt\u2019s goal to expand its fuel exports, the statement says.<\/p>\n

Part of an ongoing partnership on renewables:<\/strong> The Norwegian company has signed<\/a> a joint development agreement for its USD 5.5 bn green ammonia plant<\/a> in Ain Sokhna with Egyptian Petrochemicals Holding Company (ECHEM) and state fertilizer company Mopco. Earlier in November, Scatec began commissioning<\/a> the first phase of its 100 MW green hydrogen plant<\/a> in Egypt\u2019s Ain Sokhna with SFE, OCI-Adnoc joint venture Fertiglobe, and Orascom Construction.<\/p>\n

Scatec is also making progress on its proposed Egypt-EU interconnector project: <\/strong>Earlier this month, Egypt\u2019s Cabinet approved an agreement<\/a> with Scatec to conduct a feasibility study for its planned 3 GW electricity interconnector which would enable the transport of clean energy from Egypt to Europe. Scatec\u2019s planned electricity link \u2014 first proposed in February<\/a> in a meeting with Egyptian Prime Minister Moustafa Madbouly \u2014 will transmit some 3 GW of renewable power from Egypt to Europe via Italy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt is getting its first green methanol plant: Egyptian petrochemicals firm Alexandria National Refining & Petrochemicals (ANRPC) signed a cooperation agreement with Norwegian renewables developer Scatec to jointly establish the country\u2019s first green methanol production facility at a cost of around USD 450 mn, according to a statement. The timeline for the project\u2019s completion has […]<\/p>\n","protected":false},"author":1,"featured_media":77402,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[432],"tags":[40,11,274],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-methanol","tag-egypt","tag-enterpriseclimate","tag-green-methanol","wpautop","entry"],"acf":{"mongo_id":"7629fcfd-890d-432d-8556-bbfd2e38b2a1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1862.jpg","photo_position":"above","related_issue":[77396],"teaser":"","voice_url":""},"yoast_head":"\nScatec inks an agreement with Egypt to build the country\u2019s first green methanol plant - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/15\/scatec-inks-an-agreement-with-egypt-to-build-the-countrys-first-green-methanol-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scatec inks an agreement with Egypt to build the country\u2019s first green methanol plant\" \/>\n<meta property=\"og:description\" content=\"Egypt is getting its first green methanol plant: Egyptian petrochemicals firm Alexandria National Refining & Petrochemicals (ANRPC) signed a cooperation agreement with Norwegian renewables developer Scatec to jointly establish the country\u2019s first green methanol production facility at a cost of around USD 450 mn, according to a statement. 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