{"id":84663,"date":"2024-01-03T00:00:00","date_gmt":"2024-01-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/01\/03\/egypts-abu-qir-fertilizers-inks-green-hydrogen-renewable-energy-mou-to-produce-green-ammonia\/"},"modified":"2024-01-03T00:00:00","modified_gmt":"2024-01-03T00:00:00","slug":"egypts-abu-qir-fertilizers-inks-green-hydrogen-renewable-energy-mou-to-produce-green-ammonia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/01\/03\/egypts-abu-qir-fertilizers-inks-green-hydrogen-renewable-energy-mou-to-produce-green-ammonia\/","title":{"rendered":"Egypt\u2019s Abu Qir Fertilizers inks green hydrogen + renewable energy MoU to produce green ammonia"},"content":{"rendered":"

Egypt\u2019s Abu Qir wants to leverage green ammonia to decarbonize fertilizer <\/strong>production<\/strong>: <\/strong>Egypt\u2019s Abu Qir Fertilizers signed an MoU with Swedish-Swiss multinational ABB Group<\/a>, sustainable infrastructure solutions firm MPS Infrastructure<\/a>, and Egypt\u2019s state-owned construction firm Petrojet for the supply of green hydrogen and renewable electricity to produce green ammonia, according to a statement<\/a>. The amount of green hydrogen and renewable energy capacity to be supplied were not provided.<\/p>\n

What we know so far:<\/strong> North Abu Qir for Agricultural Nutrients \u2014 an arm of Abu Qir established last year<\/a> \u2014 will use the clean power to produce green hydrogen to use as feedstock for green ammonia generation, a raw material needed for ammonium nitrate<\/a> production. Abu Qir\u2019s plant is targeting a 2.4k ton daily production capacity, the statement notes.<\/p>\n

Abu Qir is going big on green fuels: <\/strong>Abu Qir Fertilizers, Helwan Fertilizers, and Al Ahly Capital Holding established a joint venture<\/a> \u2014 Misr Methanol and Petrochemicals \u2014 in 2021 to invest USD 1.6 bn in Egypt\u2019s green fuels sector. The consortium is in talks with the government on a USD 1.2 bn investment<\/a> into the first phase of a green ammonia plant in Egypt\u2019s SCZone, which will produce 1 mn tons of methanol and 400k tons of ammonia annually once operational. Back in October, Abu Qir also signed<\/a> an agreement with the China International Energy Group (CIEG) to establish a green hydrogen plant at one of its factory sites. <\/p>\n

IN OTHER EGYPT NEWS-<\/strong> House gives final approval for green hydrogen incentives:<\/strong> Egypt\u2019s House of Representatives has given its final approval for a cabinet-drafted decision putting forward a package of incentives for Egypt\u2019s green hydrogen industry, according to a statement<\/a>. This would grant a series of tax-breaks as well as non-tax incentives<\/a> 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<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Qir will use the green hydrogen as feedstock for green ammonia production<\/p>\n","protected":false},"author":1,"featured_media":84664,"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":[346],"tags":[40,11,241,39,88,292],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-ammonia","tag-egypt","tag-enterpriseclimate","tag-green-ammonia","tag-green-hydrogen","tag-renewables","tag-sustainable-agriculture","wpautop","entry"],"acf":{"mongo_id":"c946439f-ad06-4f1e-9bf4-7ff3ba94a1e7","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/139.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s 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