Saudi-listed power generation and investor ACWA Power has signed a framework agreement that outlines the development of the first phase of the green hydrogen project in Egypt with a capacity of 600 000 t/y of green ammonia, with an investment in excess of $4-billion.
This follows the sigining of a memorandum of understanding on December 7, 2022 and is intended to scale up to a second phase with a potential capacity of 2-million t/y.