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.
In marine ammonia news to begin 2024, we explore a volume-efficient, “prismatic” ammonia fuel tank design, a new long-term charter for ammonia shipping in the Pacific region, and two global gas exporters ordering ammonia-capable carriers for their fleets.
Masdar joint venture Infinity Power, Germany-based Conjuncta and the government of Mauritania have agreed to develop an export mega-project. Up to 8 million tonnes per year of renewable fuels of non-biological origin will be produced for export to Germany. In Egypt, Masdar’s two million tonne per year ammonia fuel project on the Suez Canal has been fast-tracked via a “golden license”.
Fortescue Future Industries and the Kenyan government will develop a 300 MW, geothermal-powered ammonia & fertiliser production plant. The project is part of a larger pipeline (25 GW) of renewable energy generation being explored by FFI and Kenya. In Mauritania, bp will explore the potential for large-scale renewable hydrogen production, and a new report from Masdar has laid out the opportunities on offer for Africa: as much as 10% of the global renewable hydrogen market by 2050, or 60 million tonnes per year.
A series of new announcements illustrates the growing importance of Egypt, the Suez Gulf and the area designated the Suez Canal Economic Zone to the ammonia energy transition:
Masdar and ENGIE will lead development of a 200 MW green hydrogen facility to supply Fertiglobe's existing ammonia production plants in al-Ruwais, UAE. The announcement is the first "concrete action" taken by the pair following a $5 billion strategic alliance signed in December, with the goal of developing at least 2 GW electrolysis capacity in the UAE by 2030.