EGYPT – Petrofac, an international service provider to the energy industry, has won its first new energies project in Egypt where it will assess the feasibility of new green hydrogen to ammonia facility.
Petrofac has won this project in Egypt with an in-country subsidiary of Egypt-focused Mediterranean Energy Partners (MEP).
The project is an early-stage study assessing the feasibility of new green hydrogen to ammonia facility.
The facility will specifically target the production of 125,000 tonnes of green ammonia a year for export using a mix of solar and wind energy.
Petrofac’s scope will be key to successfully delivering the project and includes sizing the electrolyzers and the feasibility of export facilities at Ain Sokhna Port on the Gulf of Suez.
The project according to Alex Haynes from Petrofac builds on the company’s growing track record in the new energy space.
It also adds to its recent green hydrogen projects in Australia, the UK, and other global locations.
“We’re delighted to be supporting Mediterranean Energy Partners with its strategic green energy project,” said Alex Haynes, Head of Business Development, New Energy Services, Petrofac.
“Egypt is moving fast to develop its natural advantages for green energy with its abundant solar and wind resources, coupled with its strategic geographic location for exporting zero-carbon products, and Petrofac is thrilled to be supporting this growth.”
The project is in line with the North African country’s plan to increase renewable energy mix in the country to 42% by 2035.
The plan is currently being revised and waiting for the approval of the supreme council for energy to reflect 33 percent of energy generated from renewable energy by 2025, 48 percent by 2030, 55 percent by 2035, and 61 percent by 2040.
In addition, the country has constructed several energy interconnectors as part of its plan to become an energy hub.
The country has built one interconnector with Jordan with a capacity of 250 MW, which is expected to increase to 450-500 MW.
There is also a smaller one with Sudan with a capacity of 80 MW, which is expected to increase to 300 MW, the third interconnector with Libya has a current capacity of 200 MW.
The North African country possesses an abundance of land, sunny weather, and high wind speeds, making it a prime location for renewable energy projects.
Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals, and insights from Africa’s business, economy, and more. SUBSCRIBE HERE
