{"id":79440,"date":"2024-07-02T00:00:00","date_gmt":"2024-07-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/02\/we-have-more-details-on-egypts-green-hydrogen-bonanza\/"},"modified":"2024-07-02T00:00:00","modified_gmt":"2024-07-02T00:00:00","slug":"we-have-more-details-on-egypts-green-hydrogen-bonanza","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/02\/we-have-more-details-on-egypts-green-hydrogen-bonanza\/","title":{"rendered":"We have more details on Egypt\u2019s green hydrogen bonanza"},"content":{"rendered":"

Updates on Egypt\u2019s green hydrogen export potential: <\/strong>More news is trickling in from the Egypt-EU Investment Conference that wrapped on Sunday<\/a> with exports being lined up left, right, and center. Here\u2019s the latest batch of news:<\/p>\n

#1- Egypt\u2019s ammonia project gets the green light: <\/strong>The Sovereign Fund of Egypt (SFE) signed a project agreement to launch the Orascom Construction, Scatec, and Fertiglobe to launch the 100 MW of green hydrogen plant Ain Sokhna plant, according to a statement<\/a>. Under the agreement, Fertiglobe will buy the plant\u2019s entire production of green ammonia for the coming 20 years \u2014 marking the world\u2019s first long-term green ammonia purchase agreement.<\/p>\n

By the numbers: <\/strong>The plant will produce 13k tonnes of green hydrogen per year which will be converted to 70k tonnes of ammonia for transport, SFE CEO Ayman Soliman said in the statement. The consortium is also establishing solar and wind plants with a 270 MW capacity, Soliman added.<\/span><\/p>\n

REFRESHER- <\/strong>The plant kicked off a trial phase in November 2022<\/a> and Fertiglobe sent its first green ammonia shipment to India from the plant last November<\/a>. The company did not specify the value of the transaction, but the shipment was the world\u2019s first to carry an ISCC Plus certification, Fertiglobe said at the time.<\/p>\n

#2-<\/strong> BP is joining the gang: <\/strong>BP has signed a Joint Development Agreement (JDA) with Infinity Power, Hassan Allam Utilities, and Masdar to explore establishing a multi-phase green hydrogen in Egypt<\/a>, according to a statement (pdf)<\/a>. Under the agreement, BP would serve as the main developer and operator of the proposed project which will focus on exports. The consortium signed a framework agreement with the Egyptian government at the Egypt-EU Investment conference to begin technical and commercial feasibility studies. The companies will also combine their existing green hydrogen projects under the new JDA.<\/p>\n

#3- <\/strong>A EUR 3.8 bn plant by Taqa Arabia + Voltalia<\/strong>:<\/strong> Egypt\u2019s Taqa Arabia and French Voltalia have signed a EUR 3.8 bn contract to develop a green ammonia production facility in Ain Sokhna. Production will be split into two phases, with phase one forecasted to launch in Q4 2030 and annual production capacity is set at 355.7k tons of green ammonia per year.<\/p>\n

#4- <\/strong>More details on Ocior\u2019s plant:<\/strong> Abu Dhabi-headquartered Ocior Engery\u2019s is set to produce 100k tons of green ammonia in Ain Sokhna Port with commercial operations slated for launch in Q4 2029. The production center will produce 900k tons annually by 4Q 2031. Ocior Energy inked a USD 4.3 bn agreement with the SFE to develop a green ammonia plant<\/a> at the Port of Ain Sokhna. The plant will primarily cater to European markets, addressing the growing demand for sustainable ammonia.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s green hydrogen sector got a significant boost at Egypt-EU Investment Conference, we have all the latest<\/p>\n","protected":false},"author":1,"featured_media":79441,"comment_status":"","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":[41],"tags":[49,44,32,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-egypt","tag-investment-watch","tag-trade","tag-uae","wpautop","entry"],"acf":{"mongo_id":"9a02b0f9-a1b9-404c-b9c0-91d406f6e178","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/171.jpg","photo_position":"above","homepage_title":"","full_issue_title":"We have more details on Egypt\u2019s green hydrogen bonanza","related_issue":[79433],"teaser":"Egypt\u2019s green hydrogen sector got a significant boost at Egypt-EU Investment Conference, we have all the latest","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.21063055-2254-45a7-86a4-694f431d949c.mp3"},"yoast_head":"\nWe have more details on Egypt\u2019s green hydrogen bonanza - 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