Page 10 - AfrElec Week 11 2022
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AfrElec RENEWABLES AfrElec
Petrofac wins new energies
project in Egypt
EGYPT SERVICE provider Petrofac is to carry out a fea- the potential of low-carbon hydrogen supply
sibility study for a green hydrogen to ammonia chains in the country.
facility in Egypt being developed by Mediterra- In March, a number of Egyptian government
nean Energy Partners (MEP). entities have signed a memorandum of under-
The project, which is for a 125,000 tonne per standing with Norway’s Scatec to produce green
year green ammonia production scheme pow- ammonia from green hydrogen in the Suez
ered by solar and wind, is Petrofac’s first green Canal Free Zone (SCFZ) area.
project in Egypt and builds on its involvement The $5bn project will be partly financed
with similar projects in Australia and the UK. by the Sovereign Wealth Fund of Egypt and
The project is an early-stage study assessing through securing long-term offtake agreements
the feasibility of exporting ammonia produced to enable non-recourse project financing for the
from green hydrogen. Petrofac’s scoping study green ammonia.
includes sizing the electrolysers and the feasibil- Alex Haynes, Head of Business Develop-
ity of export facilities at Ain Sokhna Port on the ment, New Energy Services, Petrofac said, “We’re
Gulf of Suez. delighted to be supporting Mediterranean
Petrofac’s contract comes as the Egyptian Energy Partners with its strategic green energy
government has plans to turn the Suez Canal project. This award builds on our growing track
Zone into a major centre for green hydrogen record in the new energy space and recent green
production. hydrogen projects in Australia, the UK, and
Dutch-Danish shipping giant AP Moller- other global locations. Egypt is moving fast to
Maersk, Norway’s Scatec, Green Fuel Alliance develop its natural advantages for green energy
part of France’s EDF Renewables and Germany’s with its abundant solar and wind resources, cou-
H2-Industries have all shown interest. pled with its strategic geographic location for
Egypt has already begun the first project to exporting zero carbon products, and Petrofac is
produce green ammonia at the Sokhna indus- thrilled to be supporting this growth.”
trial zone through a partnership between the Taner Sensoy, CEO of Mediterranean Energy
Egypt Sovereign Fund and a global consortium. Partners said, “We are excited to work with Pet-
The announcement of the implementation phase rofac on the feasibility of our export focused
will coincide with Egypt’s hosting of the United green hydrogen/ammonia production facil-
Nations Climate Conference (COP27) in Sharm ity. We believe that green hydrogen will play a
El Sheikh in November 2022. critical role in the energy transition. Egypt is
Meanwhile, the European Bank for Recon- uniquely positioned to provide low-cost renew-
struction and Development (EBRD) has signed able energy, access to export markets, and track
a memorandum of understanding (MoU) with record of hosting large scale projects with avail-
Egypt’s Ministry of Electricity and Renewable able talent, services, and infrastructure. We are
Energy and Ministry of Petroleum and Mineral eager to be part of Egypt’s success story in the
Resources to establish a framework for assessing energy transition ecosystem.”
P10 www. NEWSBASE .com Week 11 17•March•2022
