More than $37 billion will be invested across the initial stages of hydrogen and ammonia production projects, ranging in location from the Gulf of Suez to west of the Nile Delta. A series of agreements concerning existing and newly-announced projects were signed at the recent Egypt-EU Investment Conference.
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.
Germany-based DAI Infrastruktur will develop Project Ra - 1.6 million tonnes per year of ammonia to be produced near Port Said on Egypt’s Mediterranean coast. DAI has already secured two offtake deals for the project, totalling one million tonnes of ammonia per year from 2028.