Operator Scatec says FID on Egypt’s first commercial green hydrogen project is dependent on firm sales deals. Of its partners, Fertiglobe, charged with making these sales, sees a “lack of concrete demand,” whilst OCI has switched focus to the US.
Last year’s COP 27 in Egypt saw a slew of green hydrogen MoUs totaling tens of billions of dollars (MEES, 11 November 2022). It also saw the announcement of the country’s first green hydrogen production via the ‘Egypt Green’ project which groups operator Scatec of Norway (52%) with Egypt’s Orascom Construction (OCI), Fertiglobe (itself a 50:50 JV of OCI and Abu Dhabi’s Adnoc), and The Sovereign Fund of Egypt (MEES, 11 November 2022).
With this initial output coming from a test facility, the partners subsequently flagged up plans to take FID by end 2023 on a full first phase with 100MW electrolyzer capacity powered by 240MW of renewables to produce “up to” 90,000 t/y of green ammonia from up to 15,000 t/y of green hydrogen (MEES, 11 August). CONTINUED – 786 WORDS)