Prime Minister Mostafa Madbouly held a meeting to follow up on the progress of cooperation projects with Scatec.
This took place in the presence of Mohamed Shaker, Minister of Electricity and Renewable Energy; Alaa Hagar, Undersecretary of the Technical Office of the Minister of Petroleum and Mineral Resources; and Tamer Heikal, General Director of Planning and Project Follow-Up at the Egyptian Petrochemical Holding Company (ECHEM).
During the meeting, Ministry of Petroleum officials discussed the progress of projects including a green ammonia production project, for which a joint development agreement was signed last February between the Misr Fertilizers Production Company (MOPCO)and Scatec. This project aims to produce 150,000 tons of green ammonia annually at an investment cost of about $880 million.
Petroleum officials also discussed Scatec’s green methanol production project, which seeks to produce 40,000 tons of bio-methanol annually with the potential to increase to 200,000 tons on a yearly basis. This is in partnership with the Alexandria National Refining and Petrochemical Company (ANRPC) at an initial investment cost of about $450 million, which will increase to $2 billion with the growth in production capacity. This project is the first of its kind in Egypt and the Middle East region. It will include establishing the first station in Egypt to supply ships with green biofuel.