In a major step towards becoming a global center for green fuel production, the General Authority of the Suez Canal Economic Zone has announced four new agreements to produce green ammonia in the Sokhna and East Port Said regions. These projects will have a combined investment of 31.4 billion euros and an annual production volume of about 6.241 million tons.
The signing of these agreements took place at the Egyptian-European Investment Conference in Cairo, attended by Dr. Mostafa Madbouly, the Prime Minister, and various ministers. Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, Dr. Mohamed El-Khayat, CEO of the New and Renewable Energy Authority, and Ayman Soliman, CEO of the Egyptian Sovereign Fund, were among those who signed off on these agreements.
The first agreement involves an alliance between several companies to develop and operate a green ammonia production facility in Sokhna. This project will be done in two phases with a total investment of 13.5 billion euros and an annual production capacity of 330 thousand tons of green ammonia. Commercial operations are set to begin by the fourth quarter of 2030 with an annual production capacity in the first phase estimated at about 2.5 million tons.
The second agreement was signed with Oqure Energy Holding Company to develop and operate a green ammonia production facility in Sokhna as well as East Port Said Integrated Zone. This project also involves two phases with investments totaling 3.9 billion euros and an annual production capacity in the pilot phase of 100 thousand tons expected for commercial operations by Q4 2029 with an annual production capacity estimated at about 900 thousand tons in Q4 2031 for first phase only).
The third agreement was signed between Taqa Arabia and Voltalia worth 3.8 billion euros aimed at producing green ammonia in Sokhna area through two phases with commercial operations set to begin by Q4 2030 with an annual production capacity reaching approximately
