May 12, 2026 - The Jordan Green Ammonia Company confirmed on Tuesday that the green hydrogen and ammonia development project in Jordan is being implemented with direct investments from the private sector, without any financial obligation on the Jordanian government, whether in terms of injecting investments or allocating funding for the project. The government is also under no obligation to purchase the final product.

In its statement issued today, the company explained that the shareholder structure of the Jordan Green Ammonia Company includes Hynfra and Fidelity Chemical Industries, which is financially and administratively affiliated with Fidelity, headquartered in Abu Dhabi, United Arab Emirates.

The company indicated that the current registered capital is 5,000 Jordanian dinars, which will be increased after the completion of the legal and regulatory procedures related to the project.

Regarding project progress, the company revealed that it has allocated approximately $30 million to reach the "Ready to Build" stage, while actual expenditure to date has reached nearly 10 million Jordanian dinars, equivalent to about $14 million.

The company added that these funds were spent on preparing technical, engineering, legal, and consulting studies through 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 also indicated that the estimated capital cost of the project is approximately $1.1 billion, and that the final cost will depend on global prices at the time of project implementation.

The Jordan Green Ammonia Company affirmed that the project represents a significant step forward in efforts to develop clean energy and green hydrogen projects in Jordan, thus strengthening the Kingdom's position as a regional hub for sustainable energy and green investments.