Egypt's sovereign fund inks green hydrogen deal with Scatec, Fertiglobe

fertiglobe, scatec, facility, green,
Egypt

Egypt's sovereign fund inks green hydrogen deal with Scatec, Fertiglobe

: The Sovereign Fund of Egypt (TSFE) signed an agreement with Norway's Scatec and Fertiglobe plc, an ammonia producer jointly owned by the Netherlands-based OCI and Abu Dhabi National Oil Company (ADNOC), to develop a 50-100 megawatt (MW) green hydrogen facility as feedstock for green ammonia production. Scatec will build and operate the facility and a long-term off-take agreement will be signed with Fertiglobe’s subsidiary Egyptian Basic Industries Company (EBIC), according to a statement on Thursday. The facility, which will be built near EBIC in Ain Sokhna, will be majority-owned by Scatec, while the remaining interest will be distributed between TSFE and Fertiglobe. “ ,“ said , . For his part, ., commented: “ ." , said: “ .

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