Polish firm Hynfra has announced plans to establish a $1.6bn plant in Egypt for the production of green ammonia, with the investment potentially rising to $10.6bn as operations expand, Al Mal reported on November 25. The initiative aims to position Egypt as a key supplier of green energy to Europe.

The plant will start with an initial production capacity of 100,000 tonnes annually, scaling up to 1mn tonnes by 2030. It will rely on Egypt's abundant solar and wind power to fuel its operations. Surplus electricity will be fed into the national grid.

Hynfra will introduce advanced technologies to Egypt, including expertise in green hydrogen and ammonia production, renewable energy storage, electrolysis, and water desalination. The plant’s output will be exported to the EU under long-term agreements, aligning with the EU’s goal of importing 6mn tonnes of green hydrogen and 4mn tonnes of green ammonia by 2030.

Hossam Heiba, CEO of the General Authority for Investment and Free Zones, met with Tomoho Umeda, Hynfra CEO, and Hussein El-Ghazawy, the company's executive partner in Egypt, to discuss the project, Al Mal writes.

Heiba highlighted Egypt’s supportive regulatory environment, offering incentives like the "golden licence" for streamlined approvals. He reaffirmed the authority’s commitment to assisting Hynfra through all stages of the project, from licensing to operational support.