The Egyptian Cabinet is evaluating a proposal by an undisclosed international company looking to set up a mega green hydrogen facility, according to a statement. The statement did not name the company presenting the proposal or provide a timeframe for the planned project.

What we know: The plant’s production capacity is estimated at 400k tons per year, the statement said, with production earmarked for export to Europe at an estimated value of USD 1 bn. The facility would source its power needs from 15 GW of solar energy, the statement added.

What’s next: Feasibility projects for the project will begin in the coming period, with a “prime location” selected for the facility, the statement said, without providing further details.

ALSO- Egypt is fast tracking more green hydrogen and wind projects: The Egyptian government awarded four more golden licenses to undisclosed wind energy and green hydrogen projects, Attaqa reports, citing statements made by Egypt’s General Authority for Freezones and Investment CEO Hossam Heiba. A golden license is a single approval covering everything from project establishment, including land allocation and building licensing, through to project operation and management.

Egypt is on a golden streak: Egypt approved a golden license to fast track work on the 500 MW Gulf of Suez wind farm being built by Egypt’s Orascom Construction, France’s Engie, and Japan’s Toyota Tsusho and Eurus Energy back in May. Earlier in December, the government awarded golden licenses for Egypt Green Ammonia Company’s USD 5.5 bn green ammonia plant in Ain Sokhna and the Fertiglobe-Scatec-Orascom Construction consortium’s USD 135 mn, 100 MW green hydrogen plant, which kicked off operations on its initial phase in November.

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