November 6, 2023 [Manifold Times]- Frankfurt-based infrastructure investment firm DAI Infrastruktur GmbH (DAI) on 30 October signed an MOU with Siemens Energy to collaborate on the green ammonia project “Ra” in East Port Said, Egypt.
The green ammonia project named “Ra” located in East Port Said, Egypt with a total production capacity of 2 million tonnes of green ammonia annually (2 mtpa) is estimated to produce 1,65 mtpa purely based on renewable energy resources. Production is estimated to start in 2028.
The green ammonia is intended to be sold to German and predominantly European off takers. The bulk of the produced green ammonia will be used in the maritime sector as a bunker fuel.
DAI in July entered into a ten-year Green Ammonia purchase agreement with Naftomar Shipping and Trading Co. Ltd. Inc. (NAFTOMAR). First orders are expected to be delivered in the first quarter of 2028.
The location of the plant next to the Suez Canal and within the perimeters of the harbour in East Port Said, Egypt will ensure bunkering services for the green ammonia fuelled vessels that pass the Suez Canal.
“DAI Infrastruktur is strongly committed to developing East Port Said to be one of the biggest green ammonia hubs in the East Mediterranean,” said Ioannis Papassavvas from DAI.
“The location of the plant and it’s perfect access to the sea will help the maritime industry in bunkering their vessels as well as shipping the valuable green ammonia to off takers within Europe.”
According to Clarkson Plc, London, close to 50% of the new ordered vessels in 2023 who run on alternative fuel will choose green ammonia for their propulsion.
The IEA’s updated Net Zero Roadmap projects ammonia to lead shipping sector’s alternative fuel consumption by 2050, with 44% of final energy consumption compared to only 3% for methanol.
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