(Corrections: In the first paragraph, Zero Waste's home country corrected to the UAE from Egypt, and additional MoU signatories added. In the third and fourth paragraphs, project information from EDF Renewables added )

A consortium of EDF Renewables, a subsidiary of French utility EDF, and the UAE-based Zero Waste has signed an MoU with the General Authority for Suez Canal Economic Zone (SCZone), The Sovereign Fund of Egypt (TSFE), Egyptian Electricity Transmission Company (EETC), and New and Renewable Energy Authority (NREA) to establish a green ammonia bunkering project in Egypt at a total investment of $3 billion.

With a total capacity of 350,000 tonnes per annum, the project would be implemented in two phases, SCZone said in a press statement.  Phase 1 would have a capacity of 140,000 tonnes per annum and is scheduled to commence operations in the first quarter of 2026.

In a separate statement dated 22 April, EDF Renewables said the second phase is expected to be fully operational by 2030.

It said the EDF Renewables-Zero Waste partnership, dubbed 'The Green Fuel Alliance,' is also planning to build 650 megawatts of solar PV and wind capacity to power the ammonia production facility.

In March, Norway's Scatec had signed an MoU with SCZone, TSFE, EETC, and NREA to develop a large-scale green ammonia facility in Egypt.

In February 2022, New York-headquartered H2-Industries had announced that it received preliminary approval from SCZone to develop a waste to hydrogen plant at East Port Said.

(Writing by Eman Hamed; Editing by Anoop Menon)