Egypt’s Ministry of Public Enterprise Sector has announced progress in developing a major green ammonia production facility in Suez, following high-level talks between Minister Mohamed El-Shimy and executives from Envision Energy, a Chinese company specialized in wind turbines manufacturing, and Benchmark Power International, an investment platform focused on integrating renewable energy into green hydrogen.

The meeting, held at the ministry’s headquarters in the New Administrative Capital, brought together Envision Energy Vice President Frank Yu and Benchmark Power Chairman Ahmed Bahgat, alongside senior officials from the Chemical Industries Holding Company (CIHC) and El Nasr for Fertilizers and Chemical Industries (SEMADCO).

The project is set to be developed at El Nasr Fertilizers’ site in Ataqa, Suez, as part of Egypt’s broader strategy to expand its green energy portfolio and attract international investment. It will be implemented through a partnership between El Nasr Fertilizers, Benchmark Power as the main developer, and Envision Energy; the technical knowledge provider.

The first phase of the plant targets an annual production capacity of 420,000 tons of green ammonia, relying entirely on renewable energy. The project has been approved as a free zone, enabling it to focus primarily on exports to international markets.

Minister El-Shimy described the initiative as a cornerstone of Egypt’s transition to a green economy and an opportunity to enhance the country’s role as a regional renewable energy hub. He emphasized that such projects support Egypt’s climate goals by cutting emissions, diversifying energy sources, and reducing dependence on fossil fuels.

He added that the involvement of major global partners underscores growing confidence in Egypt’s investment climate. He noted that public-private partnership is central to the ministry’s strategy, pointing out that collaborations with international companies will help localize advanced technologies, boost productivity, and strengthen the competitiveness of Egypt’s industrial base.