Green Hydrogen
Recently, Egypt has signed a series of deals with global companies for green hydrogen production in the Suez Canal Economic Zone, including India's ReNew Power, Norway's Scatec, Germany's H2-Industries, and Abu Dhabi Future Energy Company (Masdar).
Zaki said that the economic zone aims to enhance cooperation with some companies that are members of the Federation of Indian Chambers and to study investment opportunities in the textiles, chemicals, programming, information technology and operating systems sectors, as well as the industries of auto engine parts, devices and medical supplies.
"The signing of MOUs was to provide an opportunity for the companies to carry out technical, financial, and legal feasibility studies, which qualifies them to invest and move forward to sign the final contracts in coinciding with COP27 conference that Egypt will host next November, to start the first phase of green fuel production by 2025," Zaki added
Those are in the sectors of infrastructure, logistics, port management, food industries, pharmaceuticals, traditional energy, renewable energy, e-payment, digital financial and information solutions.
Minister of Foreign Affairs Sameh Shokry met Monday with President of the European Investment Bank Werner Hoyer within his visit to Luxembourg.
He pointed out that the fund continues to offer and create more new opportunities in the field of green hydrogen, especially as it has become one of the most important sectors in the world.
Egypt will launch Thursday the National Strategy for Climate Change 2050 in an event that will be attended by Prime Minister Mostafa Madbouli and a large number of ministers.
European Union Ambassador to Cairo Christian Berger said Tuesday that the union supports Egypt to become a major hub of energy in the Middle East, North Africa, and Mediterranean.
Many MoUs with global and international firms were signed in less than a year.
Two memoranda of understanding were signed by Egypt and UAE on Sunday to develop green hydrogen plants in the economic zone of Suez Canal.
The Memoranda of Understanding are aiming to establish projects to produce green fuel and green ammonia in the Sokhna.
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.
The plant will also be located at Ain Sokhna Industrial Zone affiliated to Suez Canal Economic Zone (SCzone).
The plant's output will be used to fuel ships.
President Abdel Fatah al-Sisi received Monday French Minister of Economy and Finance Bruno Le Maire at Al Itiyadiyah Presidential Palace.
In press statements Thursday, Shaker praised close and strategic relations binding Egypt and the UAE and their two peoples, in addition to the feelings of cordiality and fraternity Cairo has for Abu Dhabi.
The meeting was through a 3 day-workshop began between the two sides in Cairo, followed by a visit for Maersk delegation to the integrated industrial zone in Sokhna, to discuss ways to implement projects of green methanol and green ammonia production.
The investment cost of the project is estimated at about $5 billion, and it will be implemented in two phases, and production is expected to start in 2025, according to Cabinet Spokesman Nader Saad.
The Egyptian Ministry of Electricity and Renewable Energy, led by Dr. Mohamed Shaker, sets an annual plan that it seeks to achieve in addition to its long-term plans to upgrade the field of electric energy in Egypt.
they have selected Plug Power Inc. (NASDAQ: PLUG), as the technology provider for a 100 megawatts electrolyzer to produce green hydrogen as feedstock for up to 90,000 tons of green ammonia production at EBIC in Ain Sokhna, Egypt.
