Scatec ASA, ECHEM, and MOPCO have agreed with Yara Clean Ammonia on terms for renewable ammonia offtake from Egypt.
The Sponsors will develop and build up to 480 MW of renewable energy and an up to 240 MW electrolyzer facility for production of renewable hydrogen, which will be used as feedstock for production of renewable ammonia at MOPCO’s existing ammonia production facility at Damietta in Egypt. The targeted production capacity is up to 150,000 tonnes of renewable ammonia per annum.
Scatec also signed a letter of Intent with the European Investment Bank (“EIB”) for long-term financing for the project, showcasing EIB’s commitment to support renewable hydrogen and renewable ammonia projects in Egypt.
Additionally, Misr Fertilizers Production Company (MOPCO), in collaboration with ECHEM and Scatec ASA, is developing a renewable ammonia production facility in Egypt through the Damietta Green Ammonia Company (DGA). The facility will produce about 150,000 metric tons of renewable ammonia for export via Yara Clean Ammonia. MOPCO Chairman and Managing Director Eng. Ahmed Mahmoud El-Sayed announced the signing of the Heads of Terms with Yara Clean Ammonia.Scatec ASA, ECHEM, and MOPCO have agreed with Yara Clean Ammonia on terms for renewable ammonia offtake from Egypt.
Yara Clean Ammonia CEO Hans Olav Raen noted the project’s role in strengthening their low-emission ammonia sourcing portfolio and their position as a leading trader and distributor. The renewable ammonia from the project will support their customers once the final investment decision is made.
We are excited to embark on this significant project in collaboration with Scatec and MOPCO. This agreement with Yara Clean Ammonia not only underscores our commitment to sustainable energy solutions but also marks a substantial step forward in our mission to innovate within the petrochemical industry.
… said ECHEM President & Chairman Eng. Ibrahim Mekki
Meanwhile, Scatec CEO Terje Pilskog expressed pleasure in signing the Heads of Terms with Yara Clean Ammonia, highlighting Scatec’s focus on renewable hydrogen projects in Egypt and its expertise from other projects.
EIB Vice President, Gelsomina Vigliotti, emphasized that harnessing renewable energy is vital for the green transition and that accelerating renewable hydrogen production in Egypt can enhance business competitiveness and export opportunities.
Today’s signature is a further step towards our efforts in working with our partners from the private sector to support translating Egypt’s national low carbon hydrogen strategy into action through specific projects
… highlighted Egyptian Minister of Petroleum and Mineral Resources, H.E. Tarek El Molla
To remind, in November 2023, ITOCHU Corporation signed a Memorandum of Understanding with Orascom Construction, for the Joint Development of Ammonia Bunkering in the Suez Canal, Egypt.
