British energy company, Petrofac and an Egyptian subsidiary of Mediterranean Energy Partners (MEP) are set to invest in green ammonia energy in Egypt.
The two inked a deal to explore the possibility of transforming green hydrogen into ammonia in the port of Ain Sokhna in Egypt. A preliminary study will be conducted to assess the feasibility of building a green hydrogen plant on the coast, near the port site of Ain Sokhna in the Gulf of Suez.
The planned plant will capable of producing 125,000 tons of ammonia per year for export. The electricity needed to produce the hydrogen is expected to be supplied from solar and wind farms.
Green energy
“Egypt is rapidly developing its natural green energy advantages with its abundant solar and wind resources, coupled with its strategic location for exporting carbon-neutral products, and Petrofac is delighted to support this growth,” said Alex Haynes, Petrofac’s business development manager for new energy services.
The two partners plan to locate their green hydrogen production plants in the same port as Scatec, which is already well advanced in the development of its green hydrogen and ammonia project. The Norwegian energy company is building its plant at the port of Ain Sokhna in partnership with the Sovereign Wealth Fund of Egypt (TSFE), the Egyptian company Orascom Construction, as well as Fertiglobe, an ammonia producer jointly owned by OCI N.V. and Abu Dhabi National Oil Company (ADNOC). The project, which is about to enter the construction phase, aims to produce one million tons of ammonia per year, with the potential to expand to 3 million tons per year.
