Envision Energy - green hydrogen and green ammonia business
The number of renewable hydrogen-based projects planned for the Suez Canal Economic Zone has now reached fifteen. Of the seven new MoUs signed in late August, four are targeting renewable ammonia production. Saudi-based alfanar, African energy developer Globeleq, Mediterranean Energy Partners and renewable energy developer Actis are all planning renewable ammonia production plants, with ACME Group also signing an MoU for a multi-million tonne renewable hydrogen plant in the SCZONE.
In Indian developments this week:
India-based ReNew Power and the SCZONE have signed an agreement to develop a new, $8 billion, million-tonne-per-year renewable ammonia production plant near Ain Sokhna in Egypt. The first phase, producing 100,000 tonnes per year of renewable ammonia, is targeted for completion between 2023 and 2025.
Saudi-based ACWA Power and South Korean-based POSCO will join forces to develop new hydrogen and ammonia production projects, with an eye towards decarbonising POSCO’s power generation and steel making activities in South Korea. The pair are already significant players in the ammonia energy space, with POSCO setting ambitious goals for production & imports, and ACWA involved in multiple mega-projects in the Middle East.
bp will acquire a 40.5 percent equity stake in and become operator of the Asian Renewable Energy Hub, after reaching an agreement with project partners InterContinental Energy, CWP Global and Macquarie Capital. At full-scale AREH will feature production of up to 9 million tonnes of renewable ammonia per year for export.
TotalEnergies will acquire a 25% stake in Adani New Industries Limited (ANIL), with ANIL to act as the “exclusive platform” for Total and Adani to produce and commercialise renewable hydrogen in India. Together the pair have set ambitious targets: 1 million tonnes renewable hydrogen production per year and 30 GW of new renewable generating capacity by 2030. The first project in focus will be a 1.3 million tonne per year urea plant to displace current fertiliser imports.
Air Products, OQ, and ACWA Power will jointly develop a world-scale, multi-billion dollar renewable ammonia production facility in Salalah, Oman. The partners indicate the new design will be similar to the NEOM ammonia project in Saudi Arabia. The new announcement means there are five significant renewable ammonia projects under development in Oman: two in Salalah on Oman’s south coast, and three in Duqm, including the GEO Supergiant project.
New project details have emerged from the AMAN mega-project in Mauritania. CWP Global indicates the project will include 18GW of wind capacity and 12GW of solar capacity in northwest Mauritania, producing 10 million tonnes of renewable ammonia per year for export and local use.