Renewable energy producer Scatec has signed a memorandum of understanding (MoU) with the General Authority for the Suez Canal Economic Zone (SCZone), the Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC), and the New and Renewable Energy Authority (NREA), to jointly develop a green ammonia facility in Egypt with an initial production capacity of one-million tonnes a year and potential to possibly increase to three-million tonnes a year. The green hydrogen and ammonia facility will be located in the SCZone in the Ain Sokhna Industrial Zone and will be powered by renewable energy plants to be built in close proximity on an area of land allocated by the NREA.
