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Siemens Energy joins Project Ra

DAI Infrastruktur and Siemens Energy will collaborate on the renewable ammonia project in Egypt, with Siemens to supply electrolysers and equipment for hydrogen production. In June, DAI Infrastruktur announced that Naftomar Shipping & Trading has committed to offtake 400,000 tonnes per year of ammonia for a decade from Project Ra, meaning 85% of production capacity is now covered by offtake agreements.

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Avaada Group: $2 billion secured for new Odisha project

REC Limited has committed nearly $5 billion total to three new energy projects in Odisha state, including renewable ammonia projects to be developed by Avaada and ACME Group. Avaada also announced that its facility will include a “cutting-edge” ammonia storage facility, to be developed at Gopalpur Port. The new funds follow a $1 billion investment in Avaada from infrastructure giant Brookfield earlier this year.