Norwegian renewables firm Scatec on 10 March inked an MoU with Egypt’s Suez Canal Zone (SCZONE), The Sovereign Fund of Egypt, the Egyptian Electricity Transmission Company (EETC), and Egypt’s New and Renewable Energy Authority (NREA) to develop a “green hydrogen and ammonia facility… with a production capacity of one million tons annually and with the potential for an expansion to three million tons annually.” This will be located on SCZONE land at Ain Sukhna Industrial Zone at the southern end of the Suez Canal “and will be powered by renewable energy plants to be built in close proximity on an area of land allocated by NREA,” Scatec says.
The MoU follows comments made by Scatec CEO Raymond Carlsen on his firm’s Q4 earnings call on 3 February, when he referenced 1mn t/y plans, though not the potential for expansion to 3mn t/y (MEES, 11 February). (CONTINUED - 963 WORDS)
