Page 15 - DMEA Week 46 2022

DMEA NEWS IN BRIEF DMEA

business new europe bne/IntelliNews

The framework agreement between the unit of of the deal include the Sovereign Fund of Egypt, will be used to acquire and construct a 100-MW
ReNew Energy Global and the Egyptian multi- the Egyptian Electricity Transmission, the New electrolyser facility to be powered by renewable
national electrical company follows a Memoran- and Renewable Energy Authority and the Suez energy. When fully developed, the facility will
dum of Understanding signed in July, the Indian Canal Economic Zone. deliver up to 15,000 tonnes per year (tpy) of
company said in a press release. The green hydrogen facility will produce green hydrogen. This, in turn, will be used as an
This project is scheduled to be implemented 800,000 tonnes per year (tpy) of green ammonia. input for the production of green ammonia to be
in phases. The first phase includes a pilot phase The engineering design phase will start in Janu- sold on the Egyptian and international markets.
to produce 20,000 tons of green hydrogen, ary next year, and the first phase of the project is Egypt Green is owned, built and operated by
along with derivatives, annually. In the second expected to operate by 2027. Fertiglobe, one of the largest seaborne exporters
phase, the production of 200,000 tons per year This project is the first of several large-scale of combined urea and ammonia; Scatec ASA, a
of green hydrogen, along with derivatives, will clean energy projects that AMEA Power will Norway-based integrated independent power
be achieved bringing the project’s total green develop across the MENA region, said the firm’s producer; Orascom Construction, one of the
hydrogen production capacity to 220,000 tons chairman, Hussain Al Nowais. AMEA Power has largest engineering and construction groups in
per year. a clean energy pipeline of nearly 6 GW across 15 the Middle East and North Africa, and the Sov-
Based on the framework agreement, ReNew countries, including several large-scale wind and ereign Fund of Egypt, a state-owned, privately
Power will be further undertaking project solar projects in Egypt. managed investment fund positioning itself as
and site studies in the coming months and is Egypt’s long-term vision (The Integrated the partner of choice in Egypt.
expected to make a final investment decision Sustainable Energy Strategy (ISES)) aims for the This landmark project is a first step towards
over the next 12-16 months. country to become a hub for green hydrogen the decarbonisation of the ammonia sector in
Elsewedy Electric, the leading integrated production, targeting renewable energy to cover Egypt. It will serve as a benchmark for future
energy solutions provider in the Middle East and 42% of the country’s energy needs by 2035. The green hydrogen projects and showcase that
Africa (MENA) region, will be the local co-de- vision allows increased opportunities for invest- hydrogen and ammonia production can be
veloper for the project. ment and job creation. decarbonised in Africa’s largest ammonia-pro-
bna/IntelliNews, November 17 2022 The North African country has been using its ducing country, where current production is
status as host country for COP27 to great benefit natural gas-based, generating significant carbon
UAE’s AMEA Power signs after its own Suez Canal Economic Zone secured emissions.
Ammonia production is energy-intensive
nine agreements that have a cumulative value of
deal for 10,000-MW green $83bn. and responsible for around 1.8% of global car-
bon dioxide (CO2) emissions despite being an
bna/IntelliNews, November 17 2022
hydrogen facility in Egypt essential building block for nitrogen fertilisers
and a critical crop input that provides food to
UAE’s renewable energy producer AMEA EBRD provides $80mn loan 40% of the world’s population. Reducing the
Power has signed a framework agreement with to Egypt Green to develop amount of CO2 produced during the manu-
the Egyptian government to build a 10,000- facturing process is therefore key to helping the
MW green hydrogen project for the production country’s first green world achieve its net-zero targets by 2050. Using
of green ammonia in the coastal town of Ain green hydrogen, produced by means of renew-
Sokhna in Suez, according to a statement on hydrogen facility able energy, is seen as the critical step in getting
Wednesday, November 16. there EBRD said in a press release. At full capac-
Signed on the sidelines of the UN Climate The European Bank for Reconstruction and ity, Egypt Green’s green hydrogen production
Summit (COP27) in Sharm El-Sheikh, the deal Development (EBRD) is providing an $80mn facility will save more than 130,000 tpy of CO2
aims to allocate some of the produced ammonia loan to Egypt Green to develop the country’s emissions.
from the facility for the export market. Partners first green hydrogen facility. The loan proceeds bna/IntelliNews, November 16 2022

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