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Rystad Energy forecasts huge foreign investment into Egypt’s green hydrogen and ammonia plans

SCZONE’s Air Sokhna region has bunkering facilities for ammonia, which makes it very suitable for the trade of hydrogen and its derivatives, states report.

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Independent energy research and business intelligence company Rystad Energy on Tuesday (17 May) said Egypt’s green hydrogen projects are estimated to cost around USD 20 billion, without additional infrastructures. 

The projects, including the establishment of bunkering facilities, are expected to come online before 2035, according to Rystad Energy research.

Egypt’s pipeline for green hydrogen projects stands at 11.62 gigawatts (GW), equivalent to over 1.57 million tonnes of green hydrogen, ranking the country in the top three green hydrogen pipelines globally, after Australia and on par with Mauritania. 

The series of projects announced in Egypt over the past three months has captivated foreign developers, highlighted the country’s potential, and came as the country gears up to host COP27 in 2023. 

The interest shown by international developers in Egypt is due to some favourable factors including the country’s location, natural gas infrastructure, liquefaction facilities, bunkering market, and marine ports, as well as its high solar and wind potential. 

Egypt is also close to markets like the European Union and the Middle East – regions set to see a huge demand for hydrogen in the coming years.

The government of Egypt plans to release a USD 40-billion national hydrogen plan in the coming months, recognising the importance of production, storage and export/import of green hydrogen and ammonia under its economic development strategy and allowing for state support and tax incentives. 

The process of establishing, operating, and managing hydrogen projects has been simplified, requiring a single permit, which means less red tape. 

Additional incentives could include special custom points for export/import, utilities connection costs being passed on to the state, the reimbursement of 50% of land allocation costs (under the condition that the project commences production within two years) and other non-fiscal incentives.

“Egypt has all the prerequisites to become a green hydrogen giant – fantastic renewable potential, space for mega projects and construction expertise. The 40 billion in planned investments by the Egyptian government demonstrates commitment and will bring further foreign investment,”  said Dr Minh Khoi Le, Head of Hydrogen at Rystad Energy. 

“Sitting between three continents and with the Suez Canal carrying approximately 12% of all the seaborne freight in the world, Egypt can supply renewable energy near and far. The domestic market will benefit too as the Egyptian agriculture sector can look forward to being one of the greenest when it comes to fertiliser use.”

This plan would be a huge development for Egypt’s green hydrogen economy. 

The upcoming legislation will enable green hydrogen and ammonia plans, and with the over 11-GW of projects already announced, Rystad Energy expects a huge inflow of foreign investment into the country. 

Several feasibility studies and MoUs between Egyptian state entities and leading international ammonia and hydrogen market players for the development of green ammonia and green hydrogen have been reported in 2021. 

These studies and preliminary agreements are expected to proceed to projects due to the commitment from the Egyptian government that should encourage additional international investors to enter the Egyptian hydrogen and ammonia market.

Project by capacity

Almost 80% of the announced green hydrogen projects in Egypt are planned for SCZONE, a global logistics hub that aims to connect Europe, Africa and Asia through the Arabian Gulf and is responsible for 20% of the international container trade and 10% of the seaborne trade. 

The hub’s Air Sokhna region enjoys proximity to a seawater desalination plant (150,000 m3/day), sewage treatment plant (35,000 m3/day), and bunkering facilities like ammonia (80,000 tonnes), which make it very suitable for the trade of hydrogen and its derivatives.

The seven projects announced for the region in the last three months have a combined capacity of 10.76 GW, meaning an output of over 1.5 million tonnes of green hydrogen.

Manifold Times recently reported Suez Canal Economic Zone (SCZONE) has signed six memoranda of understanding (MOUs) for investments worth USD 10 billion for green hydrogen and green ammonia projects with major international companies and consortiums. 

The MOUs are to establish industrial facilities and complexes in Sokhna zone to produce green fuel and use it for ship bunkering purposes or export to foreign markets.

Related: SCZONE signs deal for USD 10 billion in investment to produce green hydrogen and ammonia
Related: Egypt govt enters project to introduce e-methanol for bunkering at Suez Canal by 2026
Related: Egypt: General Authority of SCZone signs MOU for French green fuel bunkering project
Related: Maersk explores Egypt to accelerate hydrogen and green marine fuel production

 

Photo credit: Jens Aber on Unsplash
Published: 18 May, 2022

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Alternative Fuels

TMD Energy and Double Corporate to negotiate on bioenergy sustainable fuel solutions deal

TMD Energy and bioenergy firm Double Corporate entered into a MoA to explore a strategic collaboration in the business of bioenergy sustainable fuel solutions for Malaysia and global markets.

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Malaysia- and Singapore-based marine fuel bunkering services provider TMD Energy Limited (TMDEL) on Wednesday (18 June) announced the company has entered into a Memorandum of Agreement (MoA) with bioenergy firm Double Corporate Sdn Bhd to explore a strategic collaboration in the business of bioenergy sustainable fuel solutions for Malaysia and global markets. 

The company said this collaboration marks a new milestone towards TMDEL’s strategy to expand into sustainable and alternative fuel energy sectors. The MOA initiates exclusive negotiations to formalise partnerships in bioenergy sustainable fuel solutions and operational integration.

On 21 April, TMDEL, a 65.08%-owned subsidiary of Straits Energy Resources, was listed on the New York Stock Exchange American (NYSE American).

TMDEL and its subsidiaries (TMDEL Group) are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil of which include high sulphur fuel oil, low sulphur fuel oil and very low sulphur fuel oil, to ships and vessels at sea. 

TMDEL Group is also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services.

Double Corporate is a ISCC-EU certified Malaysian-based bioenergy company specialising in waste-based bioenergy and it involves converting waste into high-yield sustainable fuels and lubricants using proprietary, ISCC-EU-approved technology. 

Double Corporate has a decade-long expertise in producing high-yield, low-emission biofuels suitable for applications in the sustainable aviation fuel (SAF) and sustainable marine fuel (SMF) markets, particularly in Europe and Asia.

Dato’ Sri Kam Choy Ho, Chairman and CEO of the company, said: “This partnership aligns with our vision to expand regionally and globally to advance long term sustainable, green business and fuel innovation. Double Corporate’s circular-economy focus complements our commitment to environmentally responsible energy solutions.”

The MOA establishes the parties’ intention to enter into mutual discussions to collaborate and participate in the business in Malaysia and globally with a one-year exclusivity period for negotiations, extendable by mutual consent. Both parties will prioritise finalising definitive agreements within the exclusivity window.

 

Photo credit: TMD Energy
Published: 19 June, 2025

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Alternative Fuels

Singapore-based Proteus Energy introduces hydrogen fuel cell system for maritime sector

Company has partnered with hydrogen fuel cell company Symbio France to develop the Proteus Maritime Fuel Cell Solution, a modular hydrogen fuel-based system for ports and vessels.

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Singapore-headquartered clean energy provider Proteus Energy on Wednesday (18 June) has developed the Proteus® Maritime Fuel Cell Solution, a modular hydrogen fuel-based system for ports and vessels. 

The first offering is the Proteus®75. Each fuel cell stack is 75 kW output, and these can be combined for larger power requirements. The vessel types being targeted are harbour craft, and vessels in the coastal, offshore support, and in-land waterway segments.

The technology has been developed in partnership with Symbio France, a world leading hydrogen fuel cell company with over 30 years track record. Symbio is jointly owned by global industrial groups Michelin, Stellantis, and Forvia.

“The maritime industry needs viable clean energy solutions today,” said Dr Lars Gruenitz, CEO of Proteus Energy. “We are providing a high energy density solution that is compact and lightweight, which is critical for vessels where space and weight considerations are imperative. This best-in-class system is the logical and most cost-effective choice to help operators make a quantum leap in their decarbonisation efforts”.

The Proteus® Maritime Fuel Cell Solution can be delivered as a modular powerpack or customised and fitted into vessels.

Proteus’ fuel cell technology also complements electric propulsion and offers a powerful solution for hybrid vessels by extending their range and easing the load on batteries, thus improving space efficiency and vessel performance.

The Proteus® Maritime Fuel Cell Solution will be backed by a two-year performance guarantee from Symbio France.

Symbio’s systems have already logged millions of kilometers powering cars, buses and commercial trucks across Europe. Now, that same rigorous, road-tested performance is being deployed at sea with added protections for marine operating conditions.

The fuel cell stacks are produced at Symbio’s gigafactory in Lyon, France, using robotic assembly systems capable of producing thousands of units annually.

This high-throughput capability ensures that Proteus can meet rising demand without sacrificing quality – something only established and proven hydrogen fuel cell manufacturers can claim.

What also sets Proteus apart is its ability to bring economies of scale, continuous R&D, and tried and tested reliability from land transport into the marine environment. 

To provide a convenient fuel storage option, Proteus also offers high-pressure hydrogen storage tanks developed with its partner Forvia, a major global components and technology company. The DNV type-approved tanks, which are already available for delivery, offer a safe and easy way to store hydrogen onboard vessels and will be produced on an industrial scale.

In addition, Proteus works with port operators to provide them with customised refueling solutions and infrastructure.

The Proteus® Maritime Fuel Cell Solution is expected to be available for delivery beginning January 2026, with type approval from DNV anticipated before the end of this year. Proteus is ready to work with customers now.

 

Photo credit: Proteus Energy
Published: 19 June, 2025

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Ammonia

DNV awards AiP to SeaTech Solutions for new ammonia bunkering vessel design

Vessel is specifically designed to deliver low-carbon ammonia to ammonia dual-fuelled bulk carriers at the Port of Dampier and can supply up to 9,000cbm of fuel.

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DNV awards AiP to SeaTech Solutions for new ammonia bunkering vessel design

Classification society DNV on Wednesday (18 June) said it has awarded an Approval in Principle (AiP) to SeaTech Solutions International (SeaTech) in collaboration with Oceania Marine Energy (Oceania) for the design of a new 10,000cbm ammonia bunkering vessel. 

This AiP builds on a recent Memorandum of Understanding (MoU) between DNV, SeaTech, and Oceania, initiated at Singapore Maritime Week and signed in April this year.

Located in the Pilbara region, home to the world’s largest bulk export port, the Port of Dampier is emerging as a potential hub for low-carbon ammonia bunkering.

Driven by a rising demand for low- and zero-carbon shipping fuels from the region’s mining and export industries, the port has built considerable experience in dealing with ammonia cargoes and vessels and is developing a strategy to facilitate ammonia bunkering operations. This includes the successful completion of its first ship-to-ship pilot bunkering transfer in September 2024. 

Measuring 130-metres, the ammonia bunkering vessel is specifically designed to deliver low-carbon ammonia to ammonia dual-fuelled bulk carriers at the Port of Dampier. It can supply up to 9,000cbm of fuel, sufficient to support two round-trips of iron ore shipment between Australia and North Asia. The vessel’s optimized arrangement and advanced containment systems enable efficient ship-to-ship transfers while ensuring the safe handling of ammonia as both a cargo and marine fuel.

Nick Bentley, Managing Director at Oceania Marine Energy, said: “Oceania is proud to have worked in tandem with DNV and SeaTech to deliver a flagship, low-emissions marine fuel solution at the heart of Australia’s heaviest resource export hub. The completion of this MOU and Approval in Principle (AiP) award by DNV for our 10,000m³ clean ammonia bunker vessel marks a major milestone in developing the supply and bunker operation foundations for the low-carbon shipping Pilbara–Asia green-corridor.

“This initiative reinforces Oceania’s commitment to deliver 1 million tonnes of clean marine fuel by 2030 and positions Dampier in Western Australia as a future leader, enabling the shipping industry’s transition to near net-zero marine fuel.”

Prabjot Singh Chopra, Vice President of Technology at SeaTech Solutions, said: “We are proud to work alongside Oceania and DNV to bring this innovative ammonia bunkering vessel design to life. As part of the maritime industry’s multi-fuel transition to low- and zero-carbon energy, ammonia stands out as a viable option for long-haul shipping—and enabling its safe and efficient delivery is critical.”

“Our vessel design incorporates a high level of automation and smart control systems to ensure safe handling of ammonia, enhancing both crew safety and operational reliability during ship-to-ship transfers. This Approval in Principle marks a key milestone, not just for the vessel, but for the broader ecosystem that must be in place to support ammonia bunkering. With Dampier emerging as a green marine fuel hub, and with SeaTech (Australia) actively engaged in supporting decarbonisation initiatives aligned with Australia’s net zero ambitions, we bring a strong track record and deep expertise to deliver practical, scalable solutions that enable the decarbonisation of global shipping.”

Antony M Dsouza, Senior Vice President & Regional Manager, South East Asia, Pacific & India, Maritime at DNV, added: “Scaling up production and bunkering infrastructure remains one of the biggest challenges in the maritime energy transition, and will be vital to the adoption of alternative fuels at scale.”

“This AiP is another step in realizing operationally ready bunkering capabilities and strengthening industry confidence in the potential of ammonia as a carbon-free fuel for shipping. At DNV, we’re proud to support forward-thinking partners like SeaTech and Oceania with the trusted technical assurance and deep expertise needed to realize the industry’s decarbonization ambitions.”

DNV has a long history of working on initiatives to support the development and uptake of ammonia as a marine fuel, including a recent ammonia bunkering safety study for the Global Centre for Maritime Decarbonisation (GCMD), which was utilized in the ship-to-ship ammonia transfer pilot at the Port of Dampier.

Related: GCMD: STS ammonia transfers pave way for ammonia bunkering in Pilbara region

 

Photo credit: DNV
Published: 19 June, 2025

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