$1bn Deal to Build Aqaba Green Ammonia and Hydrogen Plant

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AI Summary

The Ministry of Energy and Mineral Resources of Jordanย has signed a $1 billion investment agreement with Jordan Green Ammonia –ย JGA so asย to build Aqaba green ammonia and hydrogen plant.

The project will be developed by Hynfra from Polandย together with Fidelity Group, the UAE-based industrial development company.

The project has been cleared by the cabinet earlier in May 2026,ย and a formal agreement has been signed on May 10, 2026.

The deal was executed in Amman by Jordanโ€™s Minister of Energy and Mineral Resources, Saleh Kharabsheh,ย and Wael Suleiman, Founder of Fidelity Group and Chairman of JGA, alongย with Prime Minister Jafar Hassan presiding over the signing event.

The Aqaba green ammonia and hydrogen plant includes the construction of a combined facility powered by solar energy โ€“ around 550 megawatts –ย MWย with energy storage systems of 500 MWh.ย Hynfra said in a post. It will be situated near Aqaba port and is going to be an off-grid, vertically integrated facility, separate from the national grid.

The project will also help cut around 200,000 tonnes of carbon emissions perย year.

The planned capacity for production is of about 100,000 tonnes of green ammonia per year for exports, primarily to Europe and Asia.

The financial close is expected in 2027, with commercial activities scheduled to start in 2030.

In March 2026, Topsoe, the Danish engineering and technology company,ย inked a front-end engineering and design โ€“ FEED โ€“ย contract for the project. Green hydrogen will be converted into ammonia by way ofย using ammonia synthesis technology from Topsoeย based on the ModuLite platform of the company.

Regional development

In April 2026, Hynfra announced the formation of a JVย withย Coxswains, which happens to be based out of Egypt,ย for marketing & commercial trading in orderย to construct a green ammonia production plant located atย Ras Banas, powered by renewable energy, with a starting capacity of 400,000 tonnes per year.

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