In Norway, Scatec ASA, a renewable energy solutions provider, and its partners, ECHEM and MOPCO, have agreed on the terms for renewable ammonia offtake from Egypt with Yara Clean Ammonia, a large trader and distributor of ammonia. Last year, Scatec, the Egyptian Petrochemicals Holding Company (ECHEM) and Misr Fertilizers Production Company (MOPCO) entered into a joint development agreement and a shareholder agreement for the production of renewable ammonia. The sponsors will develop and build up to 480 MW of renewable energy and an up to 240 MW electrolyzer facility for production of renewable hydrogen, which will be used as feedstock for production of renewable ammonia at MOPCO’s existing ammonia production facility at Damietta in Egypt. The targeted production capacity is up to 150,000 tons of renewable ammonia per annum. Scatec also signed a letter of Intent with the European Investment Bank for long-term financing for the project. “We are very pleased to be signing this Heads of Terms with global industry leader Yara Clean Ammonia. This is a testament to Scatec’s position in Egypt and our strategy to focus on developing renewable hydrogen projects related to existing ammonia production capacity. Scatec will bring their expertise and experience gained from other projects. We are looking forward to our future collaboration,” said Scatec CEO Terje Pilskog.
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