Abu Dhabi announced the AED3.7bn ($1bn) facility as well as the formation of Helios Industry, a special project vehicle to implement the scheme, in May.
In August, Germany’s Thyssenkrupp was awarded a technical study contract for the project.
The study has been completed and project partners are being finalised, according to an industry source.
MEED understands the planned facility will integrate Thyssenkrupp’s green hydrogen and green ammonia technologies.
The overall project will include an 800MW solar photovoltaic (PV) plant to power hydrogen-to-ammonia production. The plant is expected to produce 200,000 tonnes of green ammonia for export annually once completed.
The project’s initial phase entails a 300MW solar PV plant and an estimated 35,000 tonne-a-year ammonia production facility.
However, final specifications and capacity for phase 1 are still under discussion.
The green ammonia production facility will target regional and international markets.
Close to $60bn-worth of green hydrogen and ammonia schemes have been announced in the Middle East and North Africa (Mena) region since July 2020.