Ahram Online: Minister of Industry Khaled Hashem discussed with representatives from Egypt Amun Green Ammonia (EAGA); a consortium that includes the Polish company Hynfra and the Egyptian company Coxswains, the company’s new $10 billion project planned to be established in Egypt to produce green ammonia.

According to the Egyptian Cabinet’s statement, released on Friday, the meeting, which included Hynfra CEO Tomoho Umeda and was attended by several ministry officials, reviewed the project, which starts with an initial investment of $5 billion and aims to begin production by 2031, with a planned annual production capacity of 400,000 tons, expandable to one million tons annually in later phases.

The project, initially announced in November 2024, is set to be implemented in the Ras Banas area in southeast Egypt, relying on a hybrid renewable energy system with a total capacity of up to 2,000 megawatts (MW) (1,000 MW solar and 1,000 MW wind) over an area of 100 square kilometers, without relying on the national electricity grid.

The project also aims to establish an integrated export infrastructure, including a dedicated port for exporting green ammonia, supporting exports estimated at around $490 million annually in the first phase. 

According to the Egyptian Cabinet’s statement, export contracts have already been signed for the full production to markets in Central and Eastern Europe. 

The project is expected to create 500 direct jobs and more than 3,500 indirect jobs, with a focus on increasing local manufacturing of some project components.

During the meeting, Hashem affirmed the ministry’s commitment to supporting industrial initiatives aligned with the state’s vision for sustainable development, increasing reliance on renewable energy, and strengthening Egypt’s position as a regional and global hub for green hydrogen and ammonia production. 

He emphasized that the project represents an important step toward localizing green hydrogen derivative industries in Egypt and aligns with the ministry’s direction to promote advanced and pioneering technologies in the field of new and renewable energy and localize them in the Egyptian market, thereby contributing to diversifying the energy mix and reducing pressure on the national electricity grid.

For his part, the Hynfra chief expressed the company’s commitment to transferring its more than century-long expertise in ammonia production to the Egyptian market, noting that the project aims to achieve effective integration with various economic sectors, especially agriculture, water, and energy, in support of Egypt’s comprehensive development goals.