Jordan: Jordan Green Ammonia Company (JGA) has confirmed a major green hydrogen and ammonia development project in the country, now progressing with direct investments from the private sector. The Jordanian government has no financial obligations in this venture, either in terms of investments or purchasing the project's final products.
According to Jordan News Agency, the project's shareholder structure includes Hynfra and Fidelity Chemical Industries, both of which are tied to Fidelity, headquartered in Abu Dhabi. The current registered capital stands at JD5,000, with plans to increase it following the completion of pertinent legal and regulatory procedures.
In terms of project development, JGA has allocated approximately $30 million to bring the project to the "Ready to Build" stage, with current expenditures reaching nearly JD10 million, equivalent to about $14 million. These funds have been used for technical, engineering, legal, and consulting studies in partnership with several international companies and institutions, including Dar Al Handasah, Penspen UK, Cameron McKenna CMS, Roland Berger, DNV (Netherlands), and Topsoe.
The company estimates the project's capital cost at approximately $1.1 billion, although the final cost will be influenced by global prices at the time of implementation. JGA emphasizes that the project is a crucial step in advancing clean energy initiatives in Jordan, positioning the Kingdom as a regional hub for sustainable energy and green investments.