{"id":556222,"date":"2021-10-17T03:58:17","date_gmt":"2021-10-17T03:58:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/"},"modified":"2021-10-17T03:58:17","modified_gmt":"2021-10-17T03:58:17","slug":"sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/","title":{"rendered":"SFE, Fertiglobe partner with Scatec for Ain Sokhna green hydrogen plant"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>SFE, Fertiglobe, Scatec agree on green hydrogen plant:<\/strong> Norway\u2019s Scatec is set to build a 50-100 MW green hydrogen project in Ain Sokhna, in partnership with Nassef Sawiris-backed ammonia producer Fertiglobe and the Sovereign Fund of Egypt (SFE), according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/248410343996060\">Cabinet statement<\/a>. The new plant will be used as feedstock for green ammonia production, <a href=\"https:\/\/scatec.com\/2021\/10\/14\/scatec-partners-with-fertiglobe-and-the-sovereign-fund-of-egypt-to-develop-green-hydrogen-as-feedstock-for-ammonia-production-in-egypt\/\">Scatec said<\/a>. The facility will be built, operated and majority-owned by Scatec, which will have a long-term off-take agreement with Fertiglobe\u2019s subsidiary EBIC. Construction of the plant is expected to begin next year and the facility should come online by 2024.<\/p>\n<p><strong>What is Egypt doing with green hydrogen so far? <\/strong>President Abdel Fattah El Sisi <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/353347579487310\">issued a directive<\/a> to establish Egypt\u2019s green hydrogen strategy in July, with an eye towards launching an initial phase of projects that could be worth USD 3-4 bn, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fe7a15bc-d122-4bdd-9aab-2af8f4f37393\">according to previous statements by the Electricity Ministry<\/a>. Several private sector players, including Siemens, Belgium\u2019s DEME Group and South Korea\u2019s Hyundai Rotem already signed in August to work with the government on feasibility studies. Taqa Arabia\u2019s subsidiary Taqa Power has signed an MoU with German-based Man Solutions to pilot a green hydrogen project in Egypt.<\/p>\n<p><strong>Not sure what the green hydrogen fuss is about?<\/strong> Read our explainer <a href=\"https:\/\/enterprise.press\/greeneconomys\/enterprise-explains-green-hydrogen\/\">here<\/a>.<\/p>\n<p><strong>Speaking of Fertiglobe, its IPO on the Abu Dhabi bourse is off to a strong start<\/strong> with investor demand likely to see the offering priced at the top of the AED 2.45-2.65 per share price range, <a href=\"https:\/\/tinyurl.com\/hbc8xk6r\">Al Arabiya<\/a> reports. The final offer price is expected to be announced this Wednesday, 20 October, while shares should start trading on the ADX the following Wednesday, 27 October, according to an OCI <a href=\"https:\/\/www.oci.nl\/news\/2021-oci-nv-13\/\">announcement<\/a>.<\/p>\n<p><strong>OTHER GREEN ECONOMY NEWS- <\/strong><\/p>\n<p><strong>Independent power producer Globeleq has acquired ARC Renewable Energy\u2019s 66<\/strong><strong> MW PV solar plant in Aswan\u2019s Benban for an undisclosed sum<\/strong>, according to <a href=\"https:\/\/www.globeleq.com\/blog\/globeleq-acquires-egyptian-solar-plant\/\">a statement<\/a>. Globeleq, a subsidiary of the UK government\u2019s development finance arm CDC Group, will provide ARC with asset management services and oversee the operation and maintenance contractor Gila Al Tawakol. The plant was developed by the SECI Energia, Enerray and Desert Technologies consortium in 2019 under a 25-year power purchase agreement.<\/p>\n<p><strong>More Globeleq investments in Egypt could be in the pipeline: <\/strong>\u201cThe country is a key target market for Globeleq and this acquisition provides a platform to support further investments in the country, including in solar PV, wind, battery energy storage and, in the longer-term, water desalination and green hydrogen projects,\u201d the statement reads.<\/p>\n<p><strong>Advisors: <\/strong>Shahid Law was counsel to Globeleq on the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SFE, Fertiglobe, Scatec agree on green hydrogen plant: Norway\u2019s Scatec is set to build a 50-100 MW green hydrogen project in Ain Sokhna, in partnership with Nassef Sawiris-backed ammonia producer Fertiglobe and the Sovereign Fund of Egypt (SFE), according to a Cabinet statement. The new plant will be used as feedstock for green ammonia production, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7825],"tags":[72,7125,1585,246,254,573,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556222","post","type-post","status-publish","format-standard","hentry","category-green-economy","tag-enterpriseam","tag-environment","tag-fertiglobe","tag-green-economy","tag-green-hydrogen","tag-scatec","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"d7f65631-b26f-45aa-a4de-a2daadb77981","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[556215],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SFE, Fertiglobe partner with Scatec for Ain Sokhna green hydrogen plant - 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\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SFE, Fertiglobe partner with Scatec for Ain Sokhna green hydrogen plant\" \/>\n<meta property=\"og:description\" content=\"SFE, Fertiglobe, Scatec agree on green hydrogen plant: Norway\u2019s Scatec is set to build a 50-100 MW green hydrogen project in Ain Sokhna, in partnership with Nassef Sawiris-backed ammonia producer Fertiglobe and the Sovereign Fund of Egypt (SFE), according to a Cabinet statement. The new plant will be used as feedstock for green ammonia production, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-17T03:58:17+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SFE, Fertiglobe partner with Scatec for Ain Sokhna green hydrogen plant\",\"datePublished\":\"2021-10-17T03:58:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/\"},\"wordCount\":433,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"environment\",\"Fertiglobe\",\"Green Economy\",\"green hydrogen\",\"Scatec\",\"Sovereign Fund of Egypt\"],\"articleSection\":[\"Green economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/10\/17\/sfe-fertiglobe-partner-with-scatec-for-ain-sokhna-green-hydrogen-plant\/\",\"name\":\"SFE, Fertiglobe partner with Scatec for Ain Sokhna green hydrogen plant - 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The construction giant will\u2026","rel":"","context":"In &quot;Green economy&quot;","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":626360,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/01\/egypt-inks-eur-67-7-bn-worth-of-agreements-and-mous-at-egypt-eu-investment-conference\/","url_meta":{"origin":556222,"position":3},"title":"Egypt inks EUR 67.7 bn worth of agreements and MoUs at Egypt-EU Investment Conference","author":"enterpriseam admin","date":"1 July 2024","format":false,"excerpt":"Green hydrogen investments brought in the most","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1898.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546043,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/egypt-signs-green-energy-agreements\/","url_meta":{"origin":556222,"position":4},"title":"Egypt signs green energy agreements","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"Egypt has signed major agreements with international companies to produce green energy in the Suez Canal Economic Zone (SCZone) in a step that could help turn the zone into a green energy hub. French energy giant EDF Renewables and Emirati energy firms AMEA Power and Masdar have agreed to establish\u2026","rel":"","context":"In &quot;Green economy&quot;","block_context":{"text":"Green economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/350.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":556222,"position":5},"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 &quot;Energy&quot;","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556222","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=556222"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/556222\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/556215"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=556222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=556222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=556222"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=556222"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=556222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}