Scatec and Fertiglobe sign 20-year hydrogen contract in Egypt

Scatec's Egyptian green hydrogen project, in partnership with Fertiglobe, reaches a key milestone with a 20-year sales contract for green ammonia, based on the H2Global program.

Share:

Hydrogène vert en Égypte

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Scatec ASA and Fertiglobe have reached a major milestone in Egypt’s green hydrogen project. This project, developed in partnership with Orascom Construction, the Sovereign Fund of Egypt and the Egyptian Electricity Transmission Company, aims to produce renewable hydrogen to power the production of green ammonia. The sales agreement was signed at the Egypt-EU Investment Conference in Ain Sokhna.
The project is based on the installation of a 100 MW electrolyser powered by 270 MW of solar and wind energy. Scatec has also invested in wind power in Egypt. The aim is to produce around 13,000 tonnes of renewable hydrogen and up to 74,000 tonnes of green ammonia annually. This initiative demonstrates Egypt’s ability to position itself in the global green energy market, thanks to its renewable resources and strategic geographical location.

Partners and Funding

Scatec, as lead developer with a 52% majority stake, will provide EPC services in collaboration with Orascom Construction. The project is supported by the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), DEG (KfW), British International Investment (BII) and the US International Development Finance Corporation (DFC).
Final financing of the project is scheduled for the first half of 2025, enabling Egypt to become a regional hub for green hydrogen. The project is located in the Suez Canal Economic Zone (SCZONE), which aspires to become a major center for the green hydrogen industry.

Key elements of the project

The 20-year sales agreement for green ammonia is the result of the first H2Global tender won by Fertiglobe. This agreement marks a significant step forward in the development of the project and paves the way for large-scale commercial production. Crucial next steps include selecting the electrolyser supplier and completing the project financing process with international financial partners.
The Egypt Green Hydrogen project aims to provide competitive and sustainable energy solutions, helping to diversify the Egyptian economy and attract foreign direct investment in the energy sector. This development is in line with Egypt’s strategy of becoming a leader in renewable energies and green hydrogen.

Economic and strategic impact

The development of green hydrogen in Egypt represents a strategic investment in the country’s energy infrastructure. It creates job opportunities and stimulates local economic growth. By partnering with international companies and financial institutions, Egypt is strengthening its position in the global green energy market and diversifying its sources of revenue.
The 20-year agreement for green ammonia guarantees stable, long-term demand for the hydrogen produced, providing financial security for the partners involved. In addition, collaboration with entities such as the EBRD, the EIB and other financial institutions reinforces the credibility of the project and ensures competitive financing.

Partner declarations

Ahmed El-Hoshy, CEO of Fertiglobe, underlined that this agreement is a crucial step for the sustainable production of ammonia and the future development of the green hydrogen project in Egypt. EIB Vice-President Gelsomina Vigliotti highlighted the important role of green hydrogen in the global energy transition.
Monika Beck, Managing Director of DEG, expressed DEG’s mission to promote green hydrogen as a driver of economic transformation. Iain Macaulay of the BII underlined Egypt’s potential to become a world leader in the production of renewable energy and green hydrogen.
This green hydrogen project represents a significant step forward for Egypt, positioning the country as a major player in the renewable energies sector. With the support of international partners and competitive financing, Egypt is on the way to becoming a global hub for green hydrogen, stimulating the energy transition and sustainable development.

The partnership includes local manufacturing in Poland of electrolysis systems using Elogen’s technology, with deliveries targeting the Europe, Middle East and Africa markets.
Vema Hydrogen has been named a qualified supplier by the First Public Hydrogen Authority to deliver clean hydrogen at industrial scale to California’s public and private infrastructure.
Le groupe français HRS a signé une commande pour la livraison d'une station hydrogène haute capacité, renforçant sa présence dans un réseau en expansion à l’échelle européenne.
With a $14mn investment, Enap progresses on the construction of its first green hydrogen plant, expected to be operational in early 2026 in the Magallanes region of southern Chile.
Plug completed the first delivery of 44.5 tonnes of hydrogen for the H2CAST project in Germany and secured a new contract for an additional 35 tonnes, confirming its logistical capabilities in the European market.
Gushine Electronics has opened a lithium battery plant in Vietnam, with an estimated annual production value of $100 mn, marking a new phase in the international deployment of its industrial capacities.
Indonesian nickel producer Anugrah Neo Energy Materials plans a $300mn IPO in December to finance its growing battery materials operations.
Sultan Qaboos University announces a breakthrough in water electrolysis using new rare-metal catalysts, improving production efficiency by more than 30%.
Standard Lithium a sécurisé $130mn via une émission d’actions ordinaires pour financer ses projets d’extraction de lithium en Arkansas et au Texas, consolidant sa position sur le marché nord-américain des métaux stratégiques.
Asset manager Quinbrook expands its North American portfolio with a first Canadian investment by acquiring a strategic stake in developer Elemental Clean Fuels.
Lhyfe commissions a 10 MW site in Schwäbisch Gmünd, its first in Germany, to supply RFNBO-certified green hydrogen to industrial and heavy mobility clients.
Brookfield will invest up to $5 billion in Bloom Energy's fuel cells to power future artificial intelligence factories, initiating the first phase of a dedicated global digital infrastructure strategy.
Metacon acquired components from the bankruptcy estate of Hynion Sverige AB for SEK3.5mn ($320,000), aiming to support its hydrogen refuelling station projects in Sweden.
The United Kingdom has carried out its first real-life trial of green hydrogen blending into the national gas transmission network, with power generation as a result.
Swedish company Liquid Wind has secured €3.6mn in public funding for the engineering phase of its eMethanol plant, integrated into a biomass-fuelled cogeneration site.
The Japanese industrial group will replace a 73.5 MW coke and gas-fired turbine with a 30 to 40 MW hydrogen-ready unit, scheduled to start operations in 2030 with ¥7.1bn ($47mn) in public support.
A two-year project aims to identify areas in Texas suitable for natural hydrogen exploitation, despite challenges related to infrastructure, public policy and economic viability.
Plug Power has announced the appointment of Jose Luis Crespo as President effective October 10, before assuming the role of Chief Executive Officer once the company publishes its annual report, expected in March 2026.
Plug Power finalised a deal with an institutional investor to raise $370mn through the immediate exercise of warrants, with the possibility of securing an additional $1.4bn if new warrants are exercised.
Air Liquide announces a $50mn investment to strengthen its hydrogen network on the US Gulf Coast, following long-term contracts signed with two major American refiners.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.