{"id":616239,"date":"2024-03-03T00:00:00","date_gmt":"2024-03-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/03\/south-koreas-sk-ecoplant-to-build-usd-2-bn-green-ammonia-plant\/"},"modified":"2024-03-03T00:00:00","modified_gmt":"2024-03-03T00:00:00","slug":"south-koreas-sk-ecoplant-to-build-usd-2-bn-green-ammonia-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/03\/south-koreas-sk-ecoplant-to-build-usd-2-bn-green-ammonia-plant\/","title":{"rendered":"South Korea\u2019s SK ecoplant to build USD 2 bn green ammonia plant"},"content":{"rendered":"

Details emerge on South Korea\u2019s plans to set up a green ammonia plant here:<\/strong>South Korean construction and plant operation company SK ecoplant<\/a> will work with China\u2019s state-run construction giant China State Construction Engineering Corporation<\/a> (CSCEC) to build a green hydrogen and green ammonia plant in the Suez Canal Economic Zone (SCZone), according to a statement<\/a> from the company, which helped add color to a cabinet statement<\/a> released last week. The companies will set up and use 778 MWs of renewables \u2014 500 MW of solarenergy and 278 MW of onshore wind energy \u2014 to produce 50k tons of green hydrogen and 250k tons of green ammonia a year by 2029, when the project is slated to be fully operational. <\/p>\n

ICYMI: <\/strong>SK ecoplant was one of seven international and local companies to ink MoUs with anumber of state bodies to develop green hydrogen and renewable energy projects in the SCZone over the next ten years, worth a combined USD 41 bn<\/a>. <\/p>\n

The price tag?<\/strong> The project is expected to cost KRW 2.6 tn (c. USD 2 bn). <\/p>\n

What\u2019s next?<\/strong>The Madbouly government will soon allocate a plot of land for the project, afterwhich the two companies will be able to conduct their feasibility studies and then decide on the exact size and timeline of the project.<\/p>\n

Part of a wider plan: <\/strong>SK ecoplant and CSCEC last year inked an MoU to \u201cdominate the globalrenewable energy market\u201d and work together on global renewable energy projects in Asia and Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"

The plant will produce 50k tons of green hydrogen and 250k tons of green ammonia a year by 2029<\/p>\n","protected":false},"author":1,"featured_media":616240,"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":[7207],"tags":[93,72,1382,254,151,414],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-616239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-green-ammonia","tag-green-hydrogen","tag-renewables","tag-south-korea","wpautop","entry"],"acf":{"mongo_id":"53c7111a-7581-4583-ab46-fec27faf0da9","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/65.jpg","photo_position":"above","homepage_title":"","full_issue_title":"South Korea\u2019s SK ecoplant to build USD 2 bn green ammonia plant in Egypt","related_issue":[616232],"teaser":"The plant will produce 50k tons of green hydrogen and 250k tons of green ammonia a year by 2029","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.f22a9f71-cf76-4d9d-9f40-e6d79331749a.mp3"},"yoast_head":"\nSouth Korea\u2019s SK ecoplant to build USD 2 bn green ammonia plant - 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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":546043,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/egypt-signs-green-energy-agreements\/","url_meta":{"origin":616239,"position":1},"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 "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\/2022\/4\/350.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544777,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/21\/edf-renewables-among-six-consortiums-eyeing-usd-1-bn-sczone-green-ammonia-plant\/","url_meta":{"origin":616239,"position":2},"title":"EDF Renewables among six consortiums eyeing USD 1 bn SCZone green ammonia plant","author":"enterpriseam admin","date":"21 March 2022","format":false,"excerpt":"Another green ammonia plant in the SCZone? France\u2019s EDF Renewables and Egypt\u2019s ZeroWaste are together one of six international consortiums currently in talks with the Suez Canal Economic Zone (SCZone) to establish a USD 1 bn green ammonia plant that would produce green fuel for ships, SCZone head Yehia Zaki\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\/2022\/3\/270.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546335,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/12\/total-eren-enara-capital-to-build-green-ammonia-facility-in-sczone\/","url_meta":{"origin":616239,"position":3},"title":"Total Eren + Enara Capital to build green ammonia facility in SCZone","author":"enterpriseam admin","date":"12 May 2022","format":false,"excerpt":"Another green ammonia project: Egypt inked a memorandum of understanding with an alliance that includes Total Eren and Africa-focused SME investor Enara Capital to build a green ammonia plant in the Suez Canal Economic Zone (SCZone), according to a cabinet statement. The facility will initially produce 300k tons of ammonia\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\/5\/151.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587248,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/energy-china-to-ink-framework-agreement-for-green-hydrogen-plant-by-july\/","url_meta":{"origin":616239,"position":4},"title":"Energy China to ink framework agreement for green hydrogen plant by July","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"The plant will produce 1.2 mn tons of ammonia and 210k tons of hydrogen","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\/2023\/5\/1326.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548174,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/another-green-hydro-plant-courtesy-of-india\/","url_meta":{"origin":616239,"position":5},"title":"Another green hydro plant, courtesy of India","author":"enterpriseam admin","date":"28 July 2022","format":false,"excerpt":"Egypt, India could establish a USD 8 bn green hydrogen plant: Egyptian government agencies signed an MoU with Indian renewables company ReNew Power to establish a green hydrogen plant in the Suez Canal Economic Zone (SCZone), according to a cabinet statement. The plant will crank out 220k tons of hydrogen\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/616239","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=616239"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/616239\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/616232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/616240"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=616239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=616239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=616239"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=616239"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=616239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}