Government Approves Extension of Green Hydrogen Production Project in Aqaba

Government Approves Extension of Green Hydrogen Production Project in Aqaba
Government Approves Extension of Green Hydrogen Production Project in Aqaba
The Cabinet has decided to approve the extension of the framework agreement signed between the government and "Fortescue Future Industries" for the green hydrogen and green ammonia production project in the Aqaba Special Economic Zone until March 31, 2026.اضافة اعلان

The decision aims to reach a unified framework for the most advanced developers in fulfilling the requirements of green hydrogen projects in Jordan, including this company, and financial institutions to implement the necessary infrastructure for their projects. This ensures that the projects are viable and allows the developers to make investment decisions.

The decision also aims to reach a unified formula for investment agreements, including adopting a standard model for all companies wishing to invest in green hydrogen, along with the incentives that will be provided to them and the expected returns.