Egypt advances $10 billion green ammonia project in Ras Banas, targeting 2031 operations
via Egypt Today1 min read
Egypt's Minister of Industry Khaled Hashem met with representatives from Egypt Amun for Green Ammonia to discuss a large-scale green ammonia production facility in Ras Banas. The project, scheduled to begin operations in 2031, has an initial investment of $5 billion, expected to reach $10 billion at full capacity. It will be powered by a 2,000-megawatt integrated renewable energy system using solar and wind sources, aligning with Egypt’s strategy to diversify its energy mix and reduce reliance on fossil fuels. The facility aims to serve export markets, with projected annual export revenues of $490 million from agreements with European buyers. Officials anticipate the project will create numerous job opportunities and enhance domestic supply chains through localized manufacturing. Minister Hashem noted the initiative supports Egypt’s economic vision for a green economy and the expansion of renewable energy and sustainable fuel production.
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