Saudi-based Alfanar to develop $3.5bn green ammonia facility in Egypt

Saudi-based Alfanar to develop $3.5bn green ammonia facility in Egypt

Saudi Arabia-based Alfanar, a pioneer in energy transition, has signed a Memorandum of Understanding (MoU) with the General Authority of the Suez Canal Economic Zone (SCZone), the Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA), to develop a green ammonia facility in Sokhna.

The $3.5 billion project will use renewable energy sources and produce 500,000 tons of green ammonia from 100,000 tons of green hydrogen per year.

The agreement was signed in the presence of His Excellency Mostafa Madbouly, Prime Minister of Egypt, Mr. Mohamed Shaker, Minister of Electricity and Renewable Energy, Ms. Hala Elsaid, Minister of Planning and Economic Development along with Saudi officials, Mr. Faisal A. Al-Yemni, Deputy Minister of Investment, and Mr. Mazeed Al-Hoishan, Saudi Consul to Egypt.

Sabah Al-Mutlaq

Chairman – Alfanar “We have enjoyed a long-standing relationship with Egypt and are thrilled to partner with such esteemed organizations of national importance on this program. Through this agreement, we will be developing a project to produce green hydrogen and green ammonia.”

Alfanar has enjoyed a strong presence in Egypt for many years through its design and energy industry as well as renewable energy development projects. Alfanar was one of the