Amman, May 12 (Petra) – Jordan Green Ammonia Company (JGA) on
Tuesday confirmed the green hydrogen and ammonia development project
in Jordan is now implemented with direct investments from the private
sector.
The company said the government assumes no financial obligation,
whether in terms of injecting investments, or allocating funding in
this context.
The government is also free of any obligations to purchase the final
product.
In a statement issued Tuesday, the company said its shareholder
structure includes Hynfra and Fidelity Chemical Industries, which are
financially and administratively linked to Fidelity, headquartered in
Abu Dhabi.
The company indicated that the current registered capital is JD5,000,
which will be increased after completing the project’s related legal
and regulatory procedures.
Regarding the project’s progress, the company revealed that it has
allocated approximately $30 million to reach the “Ready to Build”
stage, while actual expenditures to date have reached nearly JD10
million, equivalent to about $14 million.
The company stated these funds were spent on preparing technical,
engineering, legal, and consulting studies under collaboration with
several specialized international companies and institutions,
including Dar Al Handasah, Penspen UK, Cameron McKenna CMS, Roland
Berger, DNV (Netherlands), and Topsoe, among others.
The company indicated that the project’s estimated capital cost is
approximately $1.1 billion, adding that the final cost will depend on
global prices at the time of project implementation.
On its feasibility, the company noted the project represents a
“significant” step forward in efforts to develop clean energy and
green hydrogen projects in Jordan.
This scheme would enhance the Kingdom’s position as a “regional hub
for sustainable energy and green investments.”
//Petra// AG
