Poland's Hynfra Plans to Establish Green Ammonia Plant in Egypt for Middle Eastern and European Markets
Key Ideas
- Poland's Hynfra aims to build a green ammonia plant in Egypt targeting Middle Eastern and European markets with a capacity of 100,000 tons per annum by 2030.
- The plant, powered by renewable energy sources like solar and wind, may scale up to one million tons, with plans to supply excess production locally.
- The project entails storage, water treatment, and electrolysis facilities, with an initial cost estimated at $1.6 billion, potentially rising to $10.6 billion.
- In a meeting, Hynfra's CEO discussed details with GAFI, highlighting the EU's projected imports of six million tons of green hydrogen and four million tons of green ammonia by 2030.
Poland's Hynfra is set to establish a green ammonia plant in Egypt as part of its strategy to serve the Middle Eastern and European markets. The plant's initial phase aims for a capacity of 100,000 tons per annum by 2030, with plans to eventually increase it to one million tons. The plant will be powered by renewable energy sources, particularly solar and wind energy, and any surplus production is intended for the local market. The project will comprise storage, water treatment, and electrolysis facilities, with an initial investment of $1.6 billion. There is potential for further investments amounting to $10.6 billion if production scales up to one million tons. During a meeting between Hynfra's CEO Tomoho Umeda and the CEO of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba, it was highlighted that the EU has plans to import six million tons of green hydrogen and four million tons of green ammonia by 2030. This initiative signifies a significant step towards harnessing renewable resources for sustainable production and meeting international market demands.