Minister of Petroleum and Mineral Resources  Tarek El Molla has witnessed the signing of a memorandum of understanding (MoU) between the Abu Qir Fertilizers Company, ABB International Group, MPS Infrastructure Company, and Petrojet.

The MoU aims to supply the North Abu Qir for Agricultural Nutrients Company the green hydrogen and renewable electricity needed to produce green ammonia, which is considered a raw material for the production of granulated ammonium nitrate fertilizer with a capacity of 2,400 tons per day.

The agreement was signed by Abed Ezz El Regal, Abu Qir Fertilizers Chairman; Waleed Lotfy, Petrojet’s Chairman; Ahmed Sherbini, Vice President of ABB Group; Waleed Hefnawy, Director of the Chemical Sector in ABB Group; and Yasser Fouad, Advisor to the Chairman of MPS.

After the signing, El Molla confirmed that the oil and gas sector has distinguished and great capabilities, especially in the field of infrastructure. He added that the national oil and gas industry is always keen to work with the private sector to implement the state’s strategic objectives in the field of oil, gas and green energies.

EL Molla stated that the Egyptian oil and gas sector enjoys great investment opportunities that must be exploited in parallel with efforts to reduce emissions and preserve the environment.

The MoU comes from the keenness of the North Abu Qir for Agricultural Nutrients Company to keep pace with the global trend to reduce environmental problems, especially reducing carbon emissions.