The meeting reviewed the progress of the project to
establish a green ammonia production plant at El Nasr Fertilizers Company, a
subsidiary of the Holding Company for Chemical Industries, in Ataqa, Suez
Governorate. Discussions also covered the steps and procedures for the
partnership between El Nasr Fertilizers Company and the consortium of Benchmark
Power International (the main developer) and Envision Energy (the technical
expert), through the establishment of a joint company for the eco-friendly
green ammonia project.
The project marks a major milestone in Egypt’s efforts to
achieve sustainable development goals and expand green energy exports. It has
been approved as a free zone project fully powered by clean energy, targeting
an annual production of 420,000 tons in its first phase, most of which will be
exported.
Shimi emphasized that the project represents a key step in
Egypt’s transition toward a green economy and emissions reduction, reinforcing
the country’s position on the global clean energy map.
He added that relying on renewable energy sources
demonstrates Egypt’s commitment to building a sustainable energy ecosystem,
enhancing energy security, and reducing dependence on fossil fuels. It also
opens new export opportunities, reflecting Egypt’s potential as a regional hub
for renewable energy. The participation of leading international partners, he
noted, highlights global investor confidence in Egypt’s investment climate.
Shimi affirmed that the Ministry places strong emphasis on
partnership with the private sector as a key pillar of its strategic vision.
Such partnerships enhance the capabilities of affiliated companies, open new
investment horizons, attract both local and foreign investments, and bring the
latest global technologies. They also promote cooperation with leading
international entities in joint projects that boost productivity, enhance
competitiveness, localize technology, and create added value for the national
economy.