The Suez Canal Economic Zone (SCZONE) on Aug. 25 announced the signing of seven Memoranda of Understanding (MOU) with respect to green hydrogen and ammonia production. The agreements were between SCZONE, The Sovereign Fund of Egypt (TSFE), The Egyptian Electricity Transmission Co. (EETC), The New and Renewable Energy Authority (NREA), and seven global companies and consortiums working in the field of new and renewable energy production.
“Signing MOUs with various international entities aimed to establish many facilities for the green fuel production to serve exporting purposes and ship bunkering service,” said SCZONE Chairman Waleid Gamal El-Dein. “The integration between the industrial zones and the affiliated ports gave SCZONE the competitive advantage that made it one of the most important global destinations and a regional hub for the green fuel industries.”
In providing information on the seven projects, SCZONE did not in all cases specify if production capacities were specifically for ammonia or hydrogen.
The MOU with the UK’s Globeleq is to establish a green fuel production plant in SCZONE on an area of 10 million square meters, with investments estimated at $11 billion and a production capacity of 2 million mt/y. Globeleq said on Aug. 29 that it will initially focus on green ammonia fertilizer production while considering other end uses for green hydrogen in the medium- and long-term.
Globeleq said Egypt’s unique geographical location as the crossroads of Africa, Europe, and Asia, with about 13% of the global trade flowing through the Suez Canal, puts the country in a position to become a global green energy hub.
Saudi Arabia’s Alfanar will establish a facility for green fuel production on an area of 4 million square meters, with investments estimated at $4 billion. Total ammonia capacity is expected to be 500,000 mt/y, with hydrogen at 100,000 mt/y, according to a report in Arab Finance.
UAE’s Alcazar will establish an industrial complex for green fuel production in Sokhna on an area of 37,000 square meters, with investments amounting to $2 billion and a total production capacity of 230,000 mt/y.
UAE’s K&K Global Co.’s MOU is to establish a plant to produce 230,000 mt/y of green hydrogen in Sokhna.
Under the Mediterranean Energy Partners (MEP) MOU, the company will invest $250 million to establish a plant for the production of green fuel, with a production capacity of 120,000 mt/y of green ammonia on an area of 100,000 square meters in the industrial zone in Sokhna.
India’s The Acme Group will establish a plant for green fuel production on an area of 4.5 million square meters in Sokhna, with investments of $13 billion, and total production capacity of 2.2 million mt/y.
An MOU with UK’s Actis is to establish an industrial complex for green fuel production from hydrogen and green ammonia, with $1.5 billion investments and a production capacity of 200,000 mt/y. The project will be located on an area of 2 million square meters in the industrial zone of Sokhna.