Fertiglobe inks contract for green ammonia supply to Europe

Fertiglobe (ADX:FERTIGLB) has officially signed a contract with German state-backed company HintCo for the delivery of up to 397,000 tonnes of green ammonia by 2033 from Egypt to Europe after the UAE-based fertiliser company won the pilot H2Global auction in July.

The renewable ammonia will be delivered at a price of EUR 1,000 (USD 1,116) per tonne, including transport costs, from Fertiglobe’s existing ammonia plant in Ain Sokhna, Egypt. The green hydrogen will be supplied from the Egypt Green Hydrogen project, developed by Norwegian renewables company Scatec in partnership with Fertiglobe and Orascom Construction.

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First ammonia shipments are expected at European ports in 2027, with an initial shipment of 19,500 tonnes of renewable ammonia in the first year.

“This is a significant moment for Hintco that proves progress is possible for the clean hydrogen market. As exciting as this moment is, my team is already focused on what comes next: new tenders for both clean hydrogen purchase and sales agreements. Time is short, and we must build both infrastructure and markets rapidly and efficiently if we’re to avoid climate catastrophe,” commented HintCo's chief executive Timo Bollerhey.