{"id":696132,"date":"2026-04-26T00:00:00","date_gmt":"2026-04-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=696132"},"modified":"2026-04-26T02:52:57","modified_gmt":"2026-04-26T02:52:57","slug":"hynfra-triples-initial-investments-in-ras-banas-green-ammonia-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/26\/hynfra-triples-initial-investments-in-ras-banas-green-ammonia-facility\/","title":{"rendered":"Hynfra triples initial investments in Ras Banas green ammonia facility"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">  <strong>Polish renewables developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.hynfra.com\/\" style=\"\">Hynfra<\/a><\/strong><strong> and local consultancy <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.coxswains.net\/\" style=\"\">Coxswains<\/a><\/strong> <strong> have tripled their initial investment to USD 5 bn for <\/strong><strong>the first phase <\/strong><strong>of their Ras Banas green ammonia facility.<\/strong> The project under the Egypt Amun Green Ammonia JV, had an initial investment ticket of USD 1.6 bn for the phase <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/11\/26\/polands-hynfra-eyes-usd-10-6-bn-green-ammonia-plant-in-egypt\/%5C\" style=\"\">back in 2024<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/%D8%A8%D9%8A%D8%A7%D9%86-%D8%B5%D8%A7%D8%AF%D8%B1-%D8%B9%D9%86-%D9%88%D8%B2%D8%A7%D8%B1%D8%A9-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D9%8A%D8%A8%D8%AD%D8%AB-%D9%85%D8%B9-%D9%88%D9%81%D8%AF-%D8%B4%D8%B1%D9%83%D8%A9-%D8%A5%D9%8A%DA%86%D9%8A%D8%A8%D8%AA-%D8%A2%D9%85%D9%88%D9%86-%D9%84%D9%84%D8%A3%D9%85%D9%88%D9%86%D9%8A%D8%A7-%D8%A7%D9%84\/1541953907975024\/\" style=\"\">statement<\/a> from the Industry Ministry. The plant is now expected to come online in 2031, a year later than the original timeline.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More money, more volume: <\/strong>The higher initial investment tick is set to result in initial annual production volumes 4x the original plan to 400k tons of green ammonia, before rising to some 1 mn tons per year as the project scales toward its full USD 10 bn build out.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Independent energy: <\/strong>To power the plant, the consortium will build a 2 GW renewable energy farm \u2014 evenly split between solar and wind \u2014 to avoid relying on the national grid. Any surplus electricity generated could potentially be sold back to the national grid at pre-set prices, a government source tells EnterpriseAM. The 100 sq km project will also be supported by a port dedicated to exporting green ammonia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why this matters: <\/strong>Unlike many green hydrogen and ammonia projects that seem to be stalled due to low offtake demand, Egypt Amun officials say this project has already inked offtake contracts for buyers in Central and Eastern Europe set to generate some USD 490 mn in annual export revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The consortium will also build a 2 GW renewable energy farm<\/p>\n","protected":false},"author":1,"featured_media":696133,"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":[7335],"tags":[72,1382,151,12389],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-696132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-enterpriseam","tag-green-ammonia","tag-renewables","tag-the-big-story-today","wpautop","entry"],"acf":{"mongo_id":"7717a518-c6d9-49f8-83e4-02685d54bd93","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/4\/1272.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Tripling the ticket","related_issue":[696127],"teaser":"The consortium will also build a 2 GW renewable energy farm"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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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 &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\/3\/270.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":696132,"position":2},"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":[]},{"id":546043,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/egypt-signs-green-energy-agreements\/","url_meta":{"origin":696132,"position":3},"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":548174,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/another-green-hydro-plant-courtesy-of-india\/","url_meta":{"origin":696132,"position":4},"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 &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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544634,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/14\/scatec-to-build-green-ammonia-plant-in-egypt-lekela-eyes-green-hydro-desal-projects\/","url_meta":{"origin":696132,"position":5},"title":"Scatec to build green ammonia plant in Egypt + Lekela eyes green hydro, desal projects","author":"enterpriseam admin","date":"14 March 2022","format":false,"excerpt":"Investment into green energy and infrastructure is starting to heat up ahead of COP27:-Norwegian renewable energy giant Scatec plans to build a green ammonium plant in Egypt with an annual production capacity of 1 mn tons per year, potentially expandable to 3 mn tons, it said in a statement. 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