Friday 22 Nov
Egypt is poised to become a global green ammonia powerhouse, with a new project targeting European markets. This strategic move aligns with the nation's broader push towards low-carbon energy sources.
In a recent virtual general
assembly of the Egyptian Fertilizer Company (Mopco), presided over by Minister
of Petroleum and Mineral Resources Tarek El Molla, the country outlined its
ambitious plans for the sector.
During the meeting, Minister El
Molla underscored the critical role of Mopco's expansion plans, including a
groundbreaking emissions reduction project. This initiative signifies a major
stride towards sustainable production and will bolster Mopco's competitiveness
in the European market. El Molla emphasized that the company's new green ammonia
venture with Norway's Scatec will unlock significant opportunities in the
coming years.
Mopco currently fulfills
approximately 30% of the domestic urea fertilizer demand and around 60% of the
country's green ammonia needs. The company is a significant exporter, with
Europe as its primary market, followed by the Americas and Asia.
Ahmed Mahmoud, Mopco's Chairman,
unveiled a comprehensive three-year strategy focused on green initiatives. The
plan encompasses carbon footprint reduction, factory upgrades, product
innovation, and strategic partnerships to drive profitability.
A significant milestone for Mopco
this year was the commissioning of a new production unit dedicated to AdBlue, a
32.5% urea solution with soaring global demand. The unit boasts an annual
capacity of 20,000 tons.
Mahmoud further highlighted two
major projects in the pipeline: a green ammonia production facility, in
partnership with Norway's Scatec, with an annual capacity of 150,000 tons, and
a melamine production unit targeting an annual output of 42,000 tons.
In conclusion, Egypt is rapidly emerging as a global green ammonia powerhouse. Driven by government support and robust private sector investments, the country's strategic location, abundant resources, and unwavering commitment to sustainability position it as a key player in the global green energy transition.
