In line with the Egyptian state’s direction toward expanding clean energy projects and strengthening reliance on green hydrogen and its derivatives, Renergy Group Partners signed a Memorandum of Understanding with Abu Qir Fertilizers and Chemical Industries Company to cooperate in the fields of green hydrogen and ammonia supply and production.
This cooperation stems from the Mega Scale 15GW Green Energy and Green Hydrogen Project in El Tor City, South Sinai Governorate, which is being developed by Renergy Group Partners. The project aims to produce renewable energy, green hydrogen, and its derivatives to support industrial sectors, foremost among them the fertilizer industry, thereby contributing to the reduction of carbon emissions and enhancing compliance with environmental requirements and international export markets.
The Memorandum of Understanding aims to study opportunities for joint cooperation to benefit from the project’s outputs in supplying green power, hydrogen and green ammonia at the most competitive price for Abu Qir Fertilizers’ to support current and future operations, in alignment with the National Green Hydrogen Strategy and Egypt’s vision for transitioning towards a main producer in the region of green renewable products for local use and export.
The agreement was signed in the presence of Mr. Robert Valk, Chairman of Renergy Group Partners, along with a number of company specialists. From Abu Qir Fertilizers’ side, the signing was attended by Eng. Hany Dahy, Chairman of Abu Qir Fertilizers and Chemical Industries Company, in addition to a number of the company’s leaders and specialists.
This Memorandum represents the first form of cooperation between the two companies and constitutes a foundational step toward building a future strategic partnership to optimize the supply and production to produce the most competitive energy, hydrogen and ammonia, to support of the Egyptian state’s direction to localize sustainable energy projects and enhance Egypt’s position as a regional hub for the production and export of green hydrogen and its derivatives.
