Publishing Date 25 August Available as Press Release
Mediterranean Energy Partners (MEP) signed a Memorandum of Understanding (MoU) to produce 120,000 tonnes of green ammonia per year in Egypt powered by renewable energy.
The agreement was signed with the General Authority for 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).
The MoU aims to establish a Green Ammonia facility that will initially produce at 120,000 Tonnes/Yr capacity in SCzone near the port of Ain Sokhna by end of 2025. The project will be fed with green hydrogen which will be produced from desalinated seawater and renewable energy generated in the sites specified by the New and Renewable Energy Authority and transmitted on the national electricity network operated by the Egyptian electricity transmission company.
The MoU was signed by: Mr. Waleid Gamal El-Dein, Chairman of the SCZONE, Mr. Abdalla El-Ebiary, CIO of TSFE, Eng. Sabah Mashali, Chairman of EETC, Dr. Mohamed El-Khayat, chairman of NREA, and Eng. Taner Sensoy, CEO of MEP.
The signing ceremony was held in the presence of; Egyptian Prime Minister Dr. Mostafa Madbouly, Egyptian Minister of Electricity and Renewable Energy Dr. Mohamed Shaker, and Dr. Hala H. Elsaid Minister of Planning and Economic Development. The ceremony was also witnessed by Dr. Alaa Arafa Chairman of MEP.
Taner Sensoy, CEO of MEP commented: “We are very pleased to achieve this milestone in partnership with the Egyptian esteemed entities. We believe the leadership of President Sisi has well positioned Egypt to play a critical role in the energy transition. Egypt is uniquely positioned to provide low-cost renewable energy. In addition, it has access to export markets, and has a strong track record of hosting large scale projects with its strong existing talent, services, and infrastructure. We are eager to be part of Egypt’s Green success story.”
Founded in 2021, Mediterranean Energy Partners (MEP) is laying groundwork on projects in various sectors across the MENA region, forming strategic alliances within both local governments and the private sector, with a goal of helping companies and countries meet their net zero goals. Through decarbonizing industrial processes, MEP develops projects that aim to reduce society’s carbon footprint by enabling strong commercial and technical acumen. Both the international and regional experiences of our team facilitate navigating regional complexities while also enabling efficient decision making.