Egypt's Sokhna Green Hydrogen Project Secures EUR 397 Million Contract for Renewable Ammonia Supply to EU
Key Ideas
- A green hydrogen project in Egypt's Sokhna industrial zone has secured a EUR 397 million contract to supply renewable ammonia to the EU.
- The H2Global tender, supported by the German government, will see the supply of renewable ammonia starting at 19,500 tons in 2027, potentially rising to 397,000 tons by 2033 at a fixed price of EUR1,000 per ton.
- The Sokhna industrial area, equipped with a port for bunkering operations, is playing a significant role in facilitating the distribution of alternative marine fuels like ammonia to reduce carbon emissions in the shipping industry.
- The agreement between Egypt and the EU highlights the growing interest in green hydrogen projects and renewable energy sources worldwide, showcasing a positive step towards a sustainable future.
A green hydrogen project situated in Egypt's industrial zone of Sokhna has recently secured a significant contract worth EUR 397 million to provide renewable ammonia to the European Union. This contract is a part of the H2Global tender, with strong support from the German government. Initially, the agreement involves the supply of renewable ammonia amounting to 19,500 tons in 2027, with potential growth to 397,000 tons by 2033, all at a fixed price of EUR1,000 per ton. The Sokhna industrial area, which features a port, has been instrumental in commencing bunkering operations, further facilitating the distribution of alternative marine fuels like ammonia. This move is crucial for shipping companies looking to reduce their carbon footprint. The contract signifies the increasing global interest in green hydrogen projects and sustainable energy sources. It highlights a positive step towards a cleaner and greener future, showcasing the collaborative efforts between Egypt and the EU in the renewable energy sector.