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Scatec Partners with Fertiglobe and the Sovereign Fund of Egypt to Develop Green Hydrogen as Feedstock for Ammonia Production in Egypt

10/14/2021 | 02:00am
Scatec has entered into an agreement with Fertiglobe plc to jointly develop a 50-100MW green hydrogen facility as feedstock for green ammonia production. Scatec will build, operate and majority own the facility and a long-term off-take agreement will be entered into with Fertiglobe’s subsidiary EBIC. The facility will be located near EBIC in Ain Sokhna and is the first step towards developing a green hydrogen hub in Egypt. This new partnership forms part of Scatec’s strategic initiative, “Power to X”, with the objective of enabling and realising industrial projects that contribute to reducing the carbon emissions through the provision of competitive renewable energy. The ambition is to develop long term partnerships where Scatec can capitalise on its expertise in renewable project development in high growth markets globally. Renewable technology, long term off-take contracts, equity co-investments and project financing from multilateral finance institutions represent key elements of this strategy.
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