Jordan Daily - Jordan Green Ammonia Company said on Tuesday its green hydrogen and ammonia project in Jordan will be fully financed by the private sector. The project carries no financial obligations for the government, nor will it be under any obligation to purchase the final product.
The company said its shareholders include Poland-based Hynfra and Fidelity Chemical Industries, which is financially and administratively linked to Abu Dhabi-based Fidelity.
It added that the company’s registered capital currently stands at JOD 5,000 and will be increased after legal and regulatory procedures are completed.
The company said it had allocated around $30 million to reach the “Ready to Build” stage, with actual spending so far totaling about JOD 10 million.
Funds have been used for technical, engineering, legal and consultancy studies in cooperation with international firms including DAR Al Handasah, Penspen UK, CMS Cameron McKenna, Roland Berger, DNV and Topsoe.
The project’s estimated capital cost is about $1.1 billion, with final costs dependent on global prices at the time of implementation.
