Minister of Petroleum and Mineral Resources Tarek El Molla met with Terje Pilskog, CEO of the Norwegian company Scatec, the leader in the field of green energy solutions.

The meeting discussed developments in the Norwegian company’s implementation of the green methanol production project, which is the first of its kind in Egypt and the Middle East, in cooperation with ANRPC and the Egyptian Company for Bioethanol. This is in addition to its green ammonia production project, in cooperation with the Egyptian Petrochemicals Holding Company (ECHECM) and MOPCO.

The meeting was attended by Ibrahim Makki, ECHEM’s Chairman.

During the meeting, El Molla confirmed that the two projects come within the framework of the state’s approach to the green economy and a new step added to the efforts of the petroleum sector in reducing emissions, removing carbon, and implementing environmentally friendly green energy projects.

El Molla stated that Scatec is one of the largest leading global companies in the field of green energy, and that these projects contribute to implementing the goals of the petroleum sector strategies for sustainable development and reducing emissions. This is in addition to the possibility of exporting to European and Asian countries, which places Egypt among the leading countries in manufacturing and exporting green chemical products.

For his part, Pilskog confirmed that the green ammonia production project aims to produce 150,000 tons annually of green ammonia by producing 26,000 tons annually of green hydrogen and converting it to green ammonia at the MOPCO factory in Damietta.

The green methanol production project is intended to be established in Damietta Governorate to take advantage of its proximity to the green methanol production inputs, which are salty sea water and biocarbon dioxide produced from the Egyptian Bioethanol Company’s factory to produce 40,000 tons annually of green methanol.

Pilskog pointed out Scatec’s great interest in investing in Egypt and implementing these important projects to provide high-quality green chemical products in light of the increasing global demand for them.