Billion dollar investments.. Prime Minister reviews a project to produce green ammonia

Dr. Mostafa Madbouly, Prime Minister, confirmed that the state has great capabilities that qualify it to be a regional center for the production and export of green hydrogen and green ammonia in light of the large incentives that the state grants to green projects, and the huge capabilities available to us of electricity generated from renewable energy sources that are completely free of Any carbon emissions, which puts us on the right path to reaching carbon neutrality levels.

This came during the meeting held by Dr. Mostafa Madbouly, today (Sunday), to review the features of the project presented by Benchmark Power International to produce green ammonia in the Gulf of Suez, in the presence of Hisham Amna, Minister of Local Development, Abdel Majeed Saqr, Governor of Suez, and Dr. Ahmed Bahgat, Chairman of the Council of Ministers company management.

Green Hydrogen

The Prime Minister pointed out that the National Council for Green Hydrogen had approved, during last week, the green hydrogen strategy that gives many advantages and incentives to this important sector, and that one of the companies succeeded during the past few days in exporting the first green ammonia shipment in the world from Egypt to India. This is an incentive for international companies to come to Egypt and invest in this sector.

Ammonia production

Madbouly said: “The country also enjoys a comparative advantage in ammonia production thanks to the equipped infrastructure it possesses in this regard, which enables it to increase the opportunities for producing and exporting ammonia globally,” pointing out that the project we are considering, which concerns Benchmark Power International, is part of The state plan for green hydrogen projects, adding that the Executive Committee for Follow-up on Green Hydrogen Projects discussed this project a few days ago, with the aim of working to provide its needs and overcome any obstacles.

During the meeting, Dr. Ahmed Bahgat, Chairman of the Board of Directors of Benchmark Power International, said that the project aims to build an electrolysis facility with a capacity of 400 megawatts, which will use completely renewable energy to produce 183 tons/day of green hydrogen to produce 1,000 tons/day of green ammonia.

one billion dollars

He explained that the project's expected investments amount to about one billion dollars, distributed over the establishment of an electrolysis facility and an ammonia station, in addition to allocating part of the investments to establish a water desalination station that enters into the electrolysis process to produce green hydrogen and other infrastructure necessary for the project.

It is worth noting that the Benchmark Suez project to produce green ammonia had won the second round of the National Initiative for Smart Green Projects.