Poland’s Hynfra plans for $1.6B green ammonia plant in Egypt

Updated 11/25/2024 12:22:00 PM

Arab finance: Poland-based Hynfra is planning to build a plant for green ammonia production in Egypt, with an initial investment of $1.6 billion, as per a statement.

The plant is expected to have an initial production capacity of 100,000 tons of green ammonia annually after the completion of the first phase by 2030, with the potential to expand to 1 million tons per year.

The facility will rely entirely on renewable energy sources, including solar and wind power, to ensure sustainable production.

This comes as part of Hynfra’s plan to build five green ammonia plants to supply Eastern and Central Europe, with Egypt chosen as the location for one of these facilities.

Excess electricity generated from the plant will be fed into Egypt’s national grid, supporting the country’s renewable energy initiatives.

The polish company plans to transfer its technical expertise to the Egyptian market, focusing on green hydrogen, ammonia production, and the development of renewable energy storage systems.

The project was discussed in a meeting between the CEO of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba, Founder and CEO of Hyndra Tomoho Umeda, and the company’s Executive Partner in Egypt Hussein El-Ghazawy.

El-Ghazawy confirmed that the company’s investment into the project could grow to $10.6 billion when production capacity increases to 1 million tons annually.

The entire production output will be exported to the European Union (EU) under long-term agreements.

During the meeting, Heiba presented various investment systems and available locations for Hynfra, focusing on sites with abundant renewable energy resources and proximity to export ports.