{"id":545523,"date":"2022-04-03T04:03:10","date_gmt":"2022-04-03T04:03:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/scatec-inks-ain-sokhna-green-hydrogen-pact-with-sfe-and-oc\/"},"modified":"2022-04-03T04:03:10","modified_gmt":"2022-04-03T04:03:10","slug":"scatec-inks-ain-sokhna-green-hydrogen-pact-with-sfe-and-oc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/scatec-inks-ain-sokhna-green-hydrogen-pact-with-sfe-and-oc\/","title":{"rendered":"Scatec inks Ain Sokhna green hydrogen pact with SFE and OC"},"content":{"rendered":"

<\/a> Welcome to our much greener future<\/strong>:<\/strong> The Sovereign Fund of Egypt (SFE), Norway\u2019s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe and Orascom Construction signed an agreement on Thursday to establish and operate their planned 100 MW green hydrogen plant in Ain Sokhna, according to a cabinet statement<\/a>.<\/p>\n

Who\u2019s doing what:<\/strong> The facility will be built and operated by the consortium, with a long-term off-take agreement with EBIC, one of Fertiglobe\u2019s subsidiaries in Egypt. The project is set to come online by 2024, making it Egypt\u2019s first operational green hydrogen plant.<\/p>\n

Also signed on Thursday: A second agreement on the purchase of hydrogen from the project<\/strong> with Fertiglobe subsidiary the Egyptian Fertilizer Company, according to the statement.<\/p>\n

Background:<\/strong> The consortium had announced its plan to establish the plant back in October<\/a>, saying it would be used as feedstock for green ammonia production. The announcement came as Egypt works on a strategy to channel bns of USD of investment to create a local industry amid a rising global interest in green hydrogen. Cairo\u2019s plans have attracted majorglobal players<\/a> seeking investments in the sector in the country. Head to our explainer here<\/a> for everything you need to know about green hydrogen and what Egypt plans to do with it.<\/p>\n

Another company interested in Egypt\u2019s nascent hydrogen industry?<\/strong> Eni, whose CEO Claudio Descalzi was in Cairo last week for talks with President Abdel Fattah El Sisi. The two discussed cooperation on green hydrogen and Egypt\u2019s LNG exports, an Ittihadiya statement<\/a> said Thursday. The Italian energy giant has reportedly submitted a bid<\/a> to set up a hydrogen production facility in Egypt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to our much greener future: The Sovereign Fund of Egypt (SFE), Norway\u2019s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe and Orascom Construction signed an agreement on Thursday to establish and operate their planned 100 MW green hydrogen plant in Ain Sokhna, according to a cabinet statement. Who\u2019s doing what: The facility will be built and […]<\/p>\n","protected":false},"author":1,"featured_media":545524,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[9117],"tags":[72,1585,1130,254,363,573,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-energy","tag-enterpriseam","tag-fertiglobe","tag-green-energy","tag-green-hydrogen","tag-orascom-construction","tag-scatec","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"3b3e6cad-637c-4ca8-afe6-94472fcc12d4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/86.jpg","photo_position":"above","related_issue":[545509],"teaser":"","voice_url":""},"yoast_head":"\nScatec inks Ain Sokhna green hydrogen pact with SFE and OC - EnterpriseAM Egypt<\/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\/egypt\/2022\/04\/03\/scatec-inks-ain-sokhna-green-hydrogen-pact-with-sfe-and-oc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scatec inks Ain Sokhna green hydrogen pact with SFE and OC\" \/>\n<meta property=\"og:description\" content=\"Welcome to our much greener future: The Sovereign Fund of Egypt (SFE), Norway\u2019s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe and Orascom Construction signed an agreement on Thursday to establish and operate their planned 100 MW green hydrogen plant in Ain Sokhna, according to a cabinet statement. 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The new plant will be used as\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":555754,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/25\/oc-joins-ain-sokhna-green-hydrogen-project\/","url_meta":{"origin":545523,"position":1},"title":"OC joins Ain Sokhna green hydrogen project","author":"enterpriseam admin","date":"25 November 2021","format":false,"excerpt":"OC joins in on our first-ever green hydrogen facility: Orascom Construction is joining a developer consortium of Norway\u2019s Scatec, Nassif Sawiris-backed Fertiglobe, and the Sovereign Fund of Egypt to build the 100 MW green hydrogen plant in Ain Sokhna, the company said in a statement (pdf). The construction giant will\u2026","rel":"","context":"In "Green economy"","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/597.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553530,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/sfe-to-sign-3-4-green-hydrogen-production-agreements\/","url_meta":{"origin":545523,"position":2},"title":"SFE to sign 3-4 green hydrogen production agreements","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"The Sovereign Fund of Egypt (SFE) will sign 3-4 green hydrogen production projects in the upcoming period, SFE CEO Ayman Soliman said yesterday, without disclosing further details, Bloomberg Asharq reported. Our first-ever green hydrogen facility is currently being built in Ain Sokhna by a consortium comprising Norway\u2019s Scatec, Orascom Construction,\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":633358,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/14\/fertiglobe-awarded-eur-397-mn-bid-to-supply-europe-with-green-ammonia\/","url_meta":{"origin":545523,"position":3},"title":"Fertiglobe awarded EUR 397 mn bid to supply Europe with green ammonia","author":"enterpriseam admin","date":"14 July 2024","format":false,"excerpt":"The offtake agreement will see Fertiglobe supply the bloc with 19.5k tons of green ammonia annually starting 2027","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/945.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577272,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/16\/egypt-signs-framework-agreements-for-green-hydrogen-ammonia-plants-worth-usd-83-bn\/","url_meta":{"origin":545523,"position":4},"title":"Egypt signs framework agreements for green hydrogen + ammonia plants worth USD 83 bn","author":"enterpriseam admin","date":"16 November 2022","format":false,"excerpt":"Another step forward to becoming a green energy hub: Egypt has signed framework agreements with international power companies to construct nine green hydrogen and ammonia facilities in the Suez Canal Economic Zone,\u00a0 a series of government statements (here, here and here) yesterday. The facilities would collectively produce up to 7.6\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577089,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/fertiglobe-commissions-100-mw-plant-kicking-off-a-big-day-for-green-hydrogen-in-egypt\/","url_meta":{"origin":545523,"position":5},"title":"Fertiglobe commissions 100 MW plant, kicking off a big day for green hydrogen in Egypt","author":"enterpriseam admin","date":"9 November 2022","format":false,"excerpt":"It was a big day for Egypt\u2019s green hydrogen ambitions yesterday as the first phase of Africa\u2019s first integrated green hydrogen plant went into commissioning and AMEA Power set out the details of its 500-MW green hydrogen plant.IT\u2019S LIGHTS ON FOR OUR FIRST GREEN HYDROGEN PLANT-Commissioning kicks off at Ain\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/147.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545523"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545523\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/545524"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545523"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545523"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}