Egypt Plans $5 Bn Green Ammonia Project in Ras Banas

Egypt is planning to establish a green ammonia production project in Ras Banas, with initial investments estimated at $5 billion, according to a Cabinet statement.

The investments are expected to rise to $10 billion upon reaching full production capacity, as part of Egypt’s strategy to advance sustainable development and expand reliance on renewable energy.

The project will be developed by a consortium comprising Egypt’s E-Finance for Investments, Poland’s Hynfra, and Egypt’s Coxswains. It aims to localize green hydrogen derivatives industries and strengthen Egypt’s position as a regional and global hub for clean energy production.

The facility is projected to produce around 400,000 tons of green ammonia annually, with potential expansion to up to 1 million tons (m/t) per year in later phases.

It will rely on a hybrid renewable energy system with a total capacity of up to 2,000 megawatts (MW), including 1,000 MW of solar power and 1,000 MW of wind energy, allowing operations without reliance on the national electricity grid.

The project is expected to create approximately 500 direct jobs and more than 3,500 indirect employment opportunities.

Additionally, it includes plans to establish an integrated export infrastructure, featuring a dedicated port for green ammonia shipments, supporting projected export revenues of around $490 million annually in the first phase.

The initiative aligns with Egypt’s broader efforts to attract investments in green hydrogen and its derivatives, while reinforcing its role in supplying clean fuels to European and international markets.

Hynfra, a Poland-based developer of renewable hydrogen and ammonia projects, has expanded into Egypt through Egypt Amun Green Ammonia JSC (EAGA), a joint venture with Coxswains, an Egyptian company active in energy, media, hospitality, and industrial services.

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المصدر: Egypt Oil & Gas