Scatec, a Norwegian renewable energy company, has signed an agreement with Egypt’s Suez Canal Economic Zone (SCZone) to investigate the creation of a new green ammonia project. Under the MoU, Scatec and SCZone would explore the possibilities of setting up a large-scale facility to produce ammonia from green hydrogen derived from renewables for export purposes.

As per the reports, President of Egypt discussed about large-scale seawater desalination, as well as ammonia and hydrogen manufacturing using renewable energy sources. For this project, the company has teamed up with Fertiglobe and Egypt’s Sovereign Fund. Earlier this month, Plug Power Inc. had been selected by Scatec and its partners, OCI NV, Fertiglobe, the Sovereign Fund of Egypt, and Orascom Construction as the technology provider of electrolyser for the 100 MW green hydrogen facility to be built at the Egyptian Basic Industries Corporation SAE (EBIC) facility in Ain Sokhna, Egypt. Green ammonia would be made from the hydrogen.

Scatec is a prominent renewable energy producer that provides affordable and clean energy all over the world. Scatec develops, constructs, owns, and operates solar, wind, and hydro power plants, as well as energy storage systems. Scatec employs approximately 500 people and has over 3.5 GW of capacity in operation or under construction on four continents. By the end of 2025, the company hopes to have 15 GW of capacity operational or under construction. Scatec is based in Oslo, Norway, and trades under the ticker symbol ‘SCATC’ on the Oslo Stock Exchange.