Yara Clean Ammonia has signed a significant agreement with Misr Fertilizers Production Company in Egypt for the offtake of green hydrogen-based renewable ammonia. The renewable ammonia will be produced in Damietta, Egypt, with hydrogen feedstock sourced from a new electrolyser plant powered by renewables. The project aims to produce 150,000 tonnes of ammonia annually and has secured financing from the European Investment Bank. This strategic move will bolster Yara's global sourcing of renewable ammonia across various market sectors. The project received praise from Egypt's Minister of Petroleum and Mineral Resources for its role in securing hydrogen investments and reducing project risks. Additionally, Egypt's shift towards hydrogen adoption is underscored by Abu Qir Fertilizers' plan to partially replace natural gas with hydrogen due to gas shortages exacerbated by external challenges. The project reflects a positive sentiment towards hydrogen as a sustainable and reliable alternative in Egypt's energy landscape, contributing to the country's green energy transition and strengthening its position in the global hydrogen market.