Egypt Inks $33 Billion Worth of Green Ammonia Deals With Energy Majors ...Middle East

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Egypt Inks $33 Billion Worth of Green Ammonia Deals With Energy Majors
source : OILPRICE ( Middle East ) () 37
Egypt has signed deals worth $33 billion with companies including BP, Masdar, and Germany’s DAI for green ammonia projects, The National reported, citing a statement by the Egyptian government. One of the projects, worth $11 billion, would see Egypt’s sovereign wealth fund partnering with German FAI Infastruktur for the construction of a green ammonia plant in East Port Said. The other, with a piece tag of $14 billion, would see the country partner with BP, Masdar, and a subsidiary of the Emirati company, Infinity Power, to…

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