Fertiglobe, the chemicals joint venture by Netherlands-listed OCI and Adnoc, selected Plug Power to build a 100-megawatt electrolyser to produce green hydrogen that will be used in ammonia production in Egypt.
Fertiglobe is developing the plant in Ain Sokhna with partners Scatec, Orascom Construction and The Sovereign Fund of Egypt.
Orascom Construction joined the consortium on Wednesday to develop Egypt’s first green hydrogen project.
The plant will produce up to 90,000 tonnes of green ammonia. The chemical compound is an easily transportable form of hydrogen, which serves as an alternative fuel in the transport sector, as well as in decarbonising the grid in Japan.
“At start-up, this will be the largest green hydrogen and largest green ammonia application globally," OCI executive chairman Nassef Sawiris said.
"Construction is expected to follow an accelerated schedule to showcase the green hydrogen facility during Cop27 in Egypt in November 2022, highlighting Egypt’s and Fertiglobe’s growing leadership in the renewable energy markets and commitment to a greener future.”
The Egyptian plant is "a huge step forward" in reaching net zero emissions by 2050, Fertiglobe chief executive Ahmed El Hoshy said.
Egypt, the Arab world’s most populous country, aims to generate 42 per cent of its electricity from renewable energy sources by 2035 while delivering one of the lowest generation tariffs.
Earlier this year, state-owned Egyptian Electricity Holding Company signed an agreement with Germany's Siemens Energy to develop an hydrogen-based industry focused on exports in the country.
The companies will develop a pilot project with an electrolyser capacity of 100MW to 200MW to drive early technology development, search for potential off-takers and also define logistics.
Fertiglobe is also developing a large blue ammonia plant in the UAE’s downstream centre in Ruwais. The plant will have a production capacity of 1,000 kilotonnes a year.
Blue ammonia is a chemical compound produced using hydrogen through steam methane reformation.
Gulf oil exporters are increasingly prioritising the development of hydrogen, a cleaner fuel that is considered a viable tool for decarbonisation.
Fertiglobe listed 13.8 per cent of the company’s shares on the Abu Dhabi Securities Exchange in October. The company raised $795 million through its share float, which was the third-largest on the ADX this year.
Fertiglobe attracted three cornerstone investors with commitments of $231m. They include the Abu Dhabi Pension Fund, Singapore's sovereign wealth fund GIC and San Francisco-based activist investor Inclusive Capital Partners.
OCI controls the majority stake in Fertiglobe, with Adnoc holding 36.2 per cent of the joint venture's share capital.
The company's net profit for the three-month period to the end of September climbed to $137.7m, from $6.2m in the previous year, it said earlier this month.
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FIXTURES (all times UAE)
Sunday
Brescia v Lazio (3.30pm)
SPAL v Verona (6pm)
Genoa v Sassuolo (9pm)
AS Roma v Torino (11.45pm)
Monday
Bologna v Fiorentina (3.30pm)
AC Milan v Sampdoria (6pm)
Juventus v Cagliari (6pm)
Atalanta v Parma (6pm)
Lecce v Udinese (9pm)
Napoli v Inter Milan (11.45pm)
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
UAE currency: the story behind the money in your pockets
Series info
Test series schedule 1st Test, Abu Dhabi: Sri Lanka won by 21 runs; 2nd Test, Dubai: Play starts at 2pm, Friday-Tuesday
ODI series schedule 1st ODI, Dubai: October 13; 2nd ODI, Abu Dhabi: October 16; 3rd ODI, Abu Dhabi: October 18; 4th ODI, Sharjah: October 20; 5th ODI, Sharjah: October 23
T20 series schedule 1st T20, Abu Dhabi: October 26; 2nd T20, Abu Dhabi: October 27; 3rd T20, Lahore: October 29
Tickets Available at www.q-tickets.com
Stat Fourteen Fourteen of the past 15 Test matches in the UAE have been decided on the final day. Both of the previous two Tests at Dubai International Stadium have been settled in the last session. Pakistan won with less than an hour to go against West Indies last year. Against England in 2015, there were just three balls left.
Key battle - Azhar Ali v Rangana Herath Herath may not quite be as flash as Muttiah Muralitharan, his former spin-twin who ended his career by taking his 800th wicket with his final delivery in Tests. He still has a decent sense of an ending, though. He won the Abu Dhabi match for his side with 11 wickets, the last of which was his 400th in Tests. It was not the first time he has owned Pakistan, either. A quarter of all his Test victims have been Pakistani. If Pakistan are going to avoid a first ever series defeat in the UAE, Azhar, their senior batsman, needs to stand up and show the way to blunt Herath.
SRI LANKS ODI SQUAD
Perera (capt), Mendis, Gunathilaka, de Silva, Nissanka, Shanaka, Bandara, Hasaranga, Udana, Dananjaya, Dickwella, Chameera, Mendis, Fernando, Sandakan, Karunaratne, Fernando, Fernando.
Going grey? A stylist's advice
If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”
MATCH INFO
Champions League quarter-final, first leg
Manchester United v Barcelona, Wednesday, 11pm (UAE)
Match on BeIN Sports
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Seven tips from Emirates NBD
1. Never respond to e-mails, calls or messages asking for account, card or internet banking details
2. Never store a card PIN (personal identification number) in your mobile or in your wallet
3. Ensure online shopping websites are secure and verified before providing card details
4. Change passwords periodically as a precautionary measure
5. Never share authentication data such as passwords, card PINs and OTPs (one-time passwords) with third parties
6. Track bank notifications regarding transaction discrepancies
7. Report lost or stolen debit and credit cards immediately
The Kites
Romain Gary
Penguin Modern Classics
