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.
Hydrom, Oman’s dedicated government development vehicle for low-carbon hydrogen, has awarded land to two projects. Actis and Fortescue will develop about 4.5 GW of wind and solar energy to power the production of more than 1 million ton tons of ammonia per year. With the same wind and solar energy capacity, EDF, J-Power and Yamna will develop a similarly-sized, 1 million ton per-year ammonia plant.