CAIRO - 10 April 2022: Prime Minister Mustafa Madbouli said Sunday that Egypt has allocated areas for producing green hydrogen in Suez Canal Economic Zone (SCZone).
Madbouli’s comments came during his reception to Executive Vice-President for the European Green Deal Frans Timmermans, where they discussed means of boosting cooperation between Egypt and EU in the field of the green energy, with the presence of Environment Minister Yasmine Fuoad.
The premier stressed Egypt’s keenness on reinforcing its partnership with EU, especially in the field of energy, noting that President Abdel Fattah El Sisi is paying special focus on such key sector.
Egypt is working on upgrading its energy strategy to include the green hydrogen as a source of power, as it placed additional investment incentives for producing the green hydrogen.
For his side, Timmermans said the consequences of the Ukrainian crisis pushed the EU countries to expedite the pace of transition into the renewable energy and diverse the sources of the green energy.