Another boost for global ammonia shipping fuel demand
Egypt has signed a €7 billion agreement with France’s EDF and UAE-based Zero Waste to develop a green hydrogen facility near the Gulf of Suez. The project aims to produce over one million metric tons of green ammonia annually, primarily as a low-carbon shipping fuel for vessels transiting the Suez Canal.
Great news for the VLAC market – and the green transition
This initiative reinforces Egypt’s commitment to clean energy development and strengthens the global green ammonia supply chain. With increasing demand for sustainable marine fuels, this project presents a long-term growth opportunity for the VLAC (Very Large Ammonia Carriers) market as ammonia trade volumes continue to expand. EMF currently has a fleet of three VLACs.
Source: Hydrogen Insights
