Page 9 - Phelan Energy Green Ammonia Plant Egypt

Executive Summary - Overview
o Phelan Energy Group (PEG) is a leading international renewable energy developer with extensive experience in emerging markets. Through this presentation, PEG lays down its ambition for green ammonia production in Egypt, which is aligned with the Government of Egypt’s vision for Sustainable Development under Vision 2030.
o PEG plans to develop a utility scale green ammonia plant in Ras Shukeir (alternatively, at Safaga) in Egypt. PEG’s initiative will lead to large-scale creation of jobs for the local population, estimated at 1 800 jobs during construction and a full time equivalent at 600 jobs. The project will support future development of green energy and provide impetus to Egypt’s contribution to the global decarbonization efforts, whilst contributing to substantial exports of $4,5bn and income to the fiscus through taxation, projected at $45,7m.
o PEG is a global leader in low-cost solar energy provision, and through its demonstrated competitive strength and market position, is favourably positioned for low-cost production in the green hydrogen/ammonia space.
o The development will mature into a hydrogen hub, which will, in addition to ammonia exports, seek to attract local and international companies in the areas of steel, cement, glass, methane and silicon to have a major competitive benefit of being able to source low-cost green hydrogen, piped directly from the local production plant.
o Grey ammonia is one of the widely used chemicals worldwide, mostly used in the fertilizers industry. Currently, it is produced by using natural gas/coal as a source of energy, resulting in significant carbon emissions. Hence, industry reliance on ammonia necessitates shift to ‘green ammonia’ – produced entirely using renewable sources of energy, thereby leading to zero carbon emissions during the process.
o Egypt has all the prerequisites to become a green ammonia giant – abundant renewable energy potential, development-friendly environment, access to shipping routes and availability of export infrastructure, along with proactive government initiatives in the sector.
o Government support and enablement will serve a vital role for this project and can position Egypt as a central player in a well-functioning global supply chain that can gradually allow for the emergence of a sustainable global hydrogen society.
o The Egyptian solar and green ammonia facility will be built as a template for 5 other international locations that together will generate 2,5m MT pa.
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