Egypt’s first green hydrogen project has taken a major step towards FID. Last week saw back-to-back announcements that Fertiglobe, sole offtaker for the ‘Egypt Green Hydrogen’ project at Ain Sukhna on the Gulf of Suez, had won an auction to supply green ammonia to German-backed H2Global for delivery to Europe, and from lead developer Scatec of Norway that the project had “signed a 20-year offtake agreement with Fertiglobe, based on the H2Global award.”
The latter firms up a previous commitment from Fertiglobe to take the project’s full ‘Phase 1’ green hydrogen output to process into ammonia at its existing Ain Sukhna plant. Fertiglobe is a 50:50 JV grouping Egypt’s Orascom Construction (OCI) and Abu Dhabi state firm Adnoc. (CONTINUED - 1196 WORDS)
