Fertiglobe this week signed an agreement with Norway-based renewable power producer Scatec ASA and the Sovereign Fund of Egypt to develop a 50-100 MW electrolysis plant at EBIC at Ain Sokhna, Egypt, to produce up to 90,000 mt/y of green ammonia.
Under the agreement, Scatec will build, operate, and majority own the facility, and EBIC will use green hydrogen as a supplementary feedstock for the production of up to 90,000 mt/y under a long term offtake agreement, OCI said on Oct. 13, announcing the deal.
The final investment decision is expected in 2022, and startup is targeted for 2024.
Required engineering and development, including structuring of commercial agreements for the new facility, will start imminently.
OCI said the plant is a first step towards developing a green hydrogen hub in Ain Sokhna.
Meanwhile, ADNOC said this week it would no longer proceed with a 400,000 bpd new oil refinery at its Ruwais downstream hub, as the company proceeds with increasing its capabilities in chemicals and ammonia and seeks to become a major hydrogen player.