ACWA Power to Complete 1st Phase of Green Hydrogen Project by Late 2028
09.10.2024 By Tank Terminals - NEWS

September 10, 2024 [Energy Central]- ACWA Power is set to finalize the first phase of the company’s green hydrogen project in the Suez Canal Economic Zone (SCZone) in the fourth quarter (Q4) of 2028, CEO of ACWA Power Egypt Hassan Amin told Asharq Business.

 

The project, developed under an agreement signed in 2023, involves over $4 billion in investments and will produce 600,000 tons of green ammonia annually, with plans to reach 2 million tons after expansion.

The plant will source renewable energy from the East Nile feeding stations in Minya, Upper Egypt, Amin said.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More