(Sharm El-Sheikh, Egypt) – Egypt's first large-scale plant for the production of green hydrogen will receive a loan of $80 million (77,2 million euros) from the European Bank for Reconstruction and Development (EBRD). The London Institute 
is supporting the construction of “Egypt Green”, a 100-megawatt electrolysis plant powered by renewable energy that, when fully developed, will deliver up to 15.000 tons of green hydrogen annually. This, in turn, will be used as raw material to produce 90.000 tons of green ammonia per year to be sold on the Egyptian and international markets.
First phase commissioned
Who berichtet, a consortium of well-known companies put the first phase of the green hydrogen plant into operation last week at the COP27 world climate summit in the presence of Egyptian President Abdel Fattah El-Sisi and Norwegian Prime Minister Jonas Gahr Støre. “The largest PEM electrolyzer in Africa” is being tested in Ain Sokhna in the special economic zone on the Suez Canal.
Egypt Green is owned by Fertiglobe, one of the largest exporters of urea and ammonia, Scatec ASA, Norwegian project developer and independent power producer, Orascom Construction PLC, one of the largest engineering and construction groups in the Middle East and North Africa, and the state investment fund Sovereign Fund of Egypt. Fertiglobe is a joint venture between the Dutch chemical group OCI NV and the Abu Dhabi National Oil Company (ADNOC), an Emirati oil and gas company based in Abu Dhabi.
Benchmark for future green hydrogen projects
This “groundbreaking project” is “a first step towards decarbonizing the ammonia sector in Egypt,” the financial institution explains its decision. It will “serve as a benchmark for future green hydrogen projects and demonstrate that hydrogen and ammonia production can be decarbonized in Africa’s largest ammonia-producing country.” Production in Egypt is currently based on natural gas. When fully operational, the plant will save more than 130.000 tons of CO2 emissions per year.
Egypt is a founding member of the EBRD. Since starting operations in Egypt in 2012, the bank has invested more than ten billion euros in 154 projects across the country.
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EBRD headquarters in London. © EBRD
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The signing of an $80 million loan for the “Egypt Green” hydrogen project in Egypt at COP27. © EBRD
