ReNew Power & SCZONE sign agreement
India-based ReNew Power and the General Authority for Suez Canal Economic Zone (SCZONE) have signed an agreement for a new, $8 billion, million-tonne-per-year renewable ammonia production plant.
The first phase will be in 2023-2025, about $710 million aims to produce 100,000 tons of green ammonia and 20,000 tons of green hydrogen. The production capacity in the second phase during 2025-2029 aims to produce 200,000 tons of green hydrogen and million tons of green ammonia with estimated investments of about $7,147 billion. The site initially will be set on an area of 600,000 square meters in the Sokhna integrated Zone, bringing the production capacity of the two phases of green hydrogen to 220,000 tons and 1,100 million tons of green ammonia.SCZONE Chairman Eng. Yehia Zaki in his organisation’s official press release, 27 July 2022
As in previous SCZONE agreements, Egyptian state agencies the New and Renewable Energy Authority, the Egyptian Electricity Transmission Company and the Sovereign Fund of Egypt were all signatories in the new MoU. This announcement follows an agreement with German-based H2 Industries in July for a waste-to-hydrogen facility, and brings the total number of renewable fuel production MoUs SCZONE has signed to eight. In May this year we explored MoU number six with Total.
The United Nations’ signature climate conference will be located in Sharm El Sheikh this year. SCZONE and proponents of other renewable projects in Egypt hope to have the initial phases of some new facilities up-and-running by November, in a bid to showcase Egypt’s green fuel potential to the world. COP26 in Glasgow saw a number of significant ammonia announcements: the H2Zero and First Mover Coalitions, coZEV, the Clydebank Declaration, Namibia’s renewable ammonia mega-project, Fortescue’s ambitions and a cracking joint venture in the UK. If activity next to the Suez Canal is anything to go by, COP27 promises much more.