The SCZONE Announce Success of the “Egypt Green Hydrogen” Project
The Suez Canal Economic Zone (SCZONE) announced the success of the “Egypt Green Hydrogen” project in the Sokhna integrated industrial zone, securing a 397 million euro contract in the H2Global auction to supply renewable ammonia to the European Union.
Renewable ammonia from Egypt will be supplied at one thousand euros per ton until 2033, produced using green hydrogen.
The H2Global pilot auction is funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK)
According to the contract, supplies of renewable ammonia will start at up to 19,500 tons in 2027, potentially increasing to 397,000 tons by 2033, at a price of one thousand euros per ton. The “Egypt Green Hydrogen” project, located in SCZONE, was established by “Fertiglobe”, “Scatec ASA”, “Orascom Construction”, and the Sovereign Fund of Egypt.
The project ensures the supply of green hydrogen needed for renewable ammonia production throughout the contract. Egypt’s strategic location and proximity to Europe added a competitive edge to the “Egypt Green Hydrogen” project, boosting Egypt’s green hydrogen and green ammonia production capabilities.
The project was inaugurated during “COP27” in Sharm El-Sheikh
The “Egypt Green Hydrogen” project was inaugurated during “COP27” in Sharm El-Sheikh in November 2022, with an investment of $417 million. Through pilot production, it exported the world’s first green ammonia shipment to India in November 2023.
In August 2023, SCZONE hosted the first ship bunkering operation with green fuel in the Eastern Mediterranean and Africa, promoting green fuel use in maritime activities and production. SCZONE also encourages investors in its industrial zones to use green fuel in manufacturing for green products.
These efforts earned it the Sustainable Development Goals Model Partnership Certificate for Economic Zones “SDG Model Zone Partner” from the Global Alliance of Special Economic Zones “GASEZ”.