Germany is eyeing some Algerian hydrogen + Australia’s FFI is heading to Oman
Germany wants hydrogen from Algeria: Algeria’s state-owned oil producer Sonartech signed an MoU with German firm VNG AG to conduct feasibility studies for the construction of a 50 MW green hydrogen plant, Arab News reported. The agreement will see both parties explore the North African company’s green hydrogen and ammonia’s export potential, Sonartech stated. The MoU will also entail the study of joint marketing, generation, and transport capacities.
Australia is exploring green energy projects in Oman: Oman’s Sohar International bank signed an MoU with Australia’s Fortescue Future Industries (FFI) for green energy projects in Oman, according to a statement. The Islamic bank and Australia’s Fortescue Future Industries signed a non-binding MoU to identify potential green energy projects in the Sultanate for FFI, with Sohar making financing arrangements for the projects.
FFI has a pipeline of energy projects in Egypt: The company is currently in talks for land allocation with Egypt’s Suez Canal Economic Zone to begin production at its USD 10 bn, 9.2 GW green hydrogen plant in 2027. In November, the energy producer signed a framework agreement to set up a green ammonia production facility with an annual production capacity of some 2 mn tons in Egypt. It is also reportedly eyeing the extraction of rare earth elements, including silica, in Egypt with potential investments in the country’s mining sector. In September, FFI announced that it aims to produce a potential 9.2 GW of renewable energy in Egypt.
OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-
- China’s Trina Solar appointed Taqa Engineering Solutions as its local authorized distributor in Sudan. (Statement)
- State-owned Hydrogen Oman Company issued a request for proposals for its planned green hydrogen projects. (Construction Week)
- Abu Dhabi’s DANA Global and Morocco’s Agadir Horticultural Complex established a joint innovation hub for resilient and eco-efficient agriculture in Morocco’s Agadir region. (Statement)