Hynfra and Amarenco MENA form strategic partnership to produce hydrogen and ammonia in MENA region
Hynfra, a Polish company, has signed a framework cooperation agreement with Amarenco MENA, a major developer of renewable energy projects in the Middle East and North Africa and part of Amarenco Group. The strategic partnership is aimed at building infrastructure for the production of hydrogen and its derivatives, primarily ammonia, using electrolysis powered by clean energy resources.
Under the agreement, the partnership's focus will be on producing green ammonia and hydrogen in the MENA region. The area has high solar radiation levels, making it an ideal location for large-scale solar energy production.
Marlena Krohn, Hynfra's Managing Director responsible for Middle East projects, said, "We have signed a global framework agreement for joint green ammonia and hydrogen projects, which require the use of renewable energy sources. We are excited to work with Amarenco, the world's leading renewable energy producer. Amarenco will be responsible for developing photovoltaic farms and energy storage facilities, while Hynfra will provide the technology for producing renewable hydrogen and its derivatives."
This partnership between Hynfra and Amarenco MENA marks a significant step towards a cleaner and more sustainable future for the MENA region.
Yazan Faouri, CEO of Amarenco MENA, said "We are excited to partner with Hynfra to build a sustainable hydrogen and ammonia production infrastructure in the MENA region. This partnership aligns with our commitment to promote the use of renewable energy and reduce carbon emissions in the region. We believe that by combining Hynfra's expertise in renewable hydrogen and our experience in developing renewable energy projects, we can create a significant impact on the region's energy transition."
Amarenco is a renewable energy producer with its global headquarters in Cork, Ireland. The company finances, develops, builds and operates C&I and large-scale solar PV plants across Europe, the Middle East, and Asia. With a focus on solar PV, storage, and agri-solar, Amarenco operates in more than 15 countries and invests up to €800M in renewable energy projects every year around the world.
Hynfra P.S.A. is an energy technology integrator that designs and develops installations for the production and use of renewable hydrogen and ammonia, green energy, and renewable heat sources. Hynfra's portfolio is based on four pillars: industrial, ammonia, municipal, and energy storage.
"Signing the global agreement with Amarenco is an important milestone for Hynfra as we look to establish our presence and expand our business in the Middle East. This aligns with our company's strategy and our vision for growth. The MENA region has a vast potential for renewable energy production, and we believe that our renewable hydrogen systems and safe green ammonia energy storage facilities, now with the strategic support of Amarenco, can make a significant contribution to the region's energy transition," said Tomoho Umeda, CEO of Hynfra.