Hynfra CEO Tomoho Umeda announced this during his meeting with the General Authority for Investment and Free Zones (GAFI) CEO Hossam Heiba. 

He added that this plant, along with four others the company plans to build in other countries, is meant to supply Eastern and Central Europe with green ammonia. 

Umeda revealed that the Egyptian plant's initial production capacity will be 100,000 tons of green ammonia annually upon completion of the first phase of construction by 2030.

He also stated that the project can increase production to one million tons annually.

Moreover, Umeda indicated that the plant will rely on Egypt’s renewable energy sources, including solar and wind power, ensuring that the production of green ammonia will be fully powered by clean energy.

He noted that the power plant's daily output will meet its energy requirements, with surplus electricity being supplied to Egypt’s national grid for most of the year. This will support Egypt’s efforts to increase its reliance on renewable energy.

Umeda emphasized that Hynfra will transfer its technical expertise to Egypt, particularly in areas such as green hydrogen and green ammonia production, renewable energy storage systems, electrolyzer technologies, and desalination.

The company also plans to produce green hydrogen through water electrolysis and then combine it with nitrogen at high temperatures to produce green ammonia, all powered by renewable energy sources.

Hussein Fouad El Ghazzawy, executive partner of Hynfra in Egypt, stated that the total investment in the project will eventually rise to $10.6 billion, with production capacity increasing to one million tons annually.

He added that all of the project’s output will be available for export to the European Union. 

Meanwhile, Heiba highlighted Egypt’s growing focus on green hydrogen and green ammonia sectors. He pointed out that the country has established the National Green Hydrogen Council and granted golden licenses to several green hydrogen and green ammonia projects.

Similarly, Egypt launched the National Climate Strategy 2050 in 2022 to produce green hydrogen at the world’s lowest cost, targeting $1.7 per kg by 2050 and capturing eight percent of the global hydrogen market.

Heiba also pointed out the successful Egyptian-European Investment Conference held earlier this year by GAFI, resulting in agreements and memorandums of understanding worth over 67 billion euros.

Most of these agreements align with Egypt’s Sustainable Development Plan and Vision 2030 and focus on producing and exporting renewable energy to the European market.

Additionally, Heiba noted that the European Union aims to import six million tons of green hydrogen and four million tons of green ammonia by 2030, underscoring Egypt’s potential role in meeting these demands.