Climate (MENA) 
Egypt Edition 
UAE Edition 
Saudi Edition 
MENA <> India Corridor 
Logistics (MENA) 
Share
Read Full Issue 
We have more details on one of Egypt's new green hydrogen agreements: South Korean construction company SK ecoplant will build a KRW 2.6 tn (c. USD 2 bn) integrated renewables, green hydrogen, and ammonia facility in Egypt’s Suez Canal Economic Zone (SCZone), according to a statement released on Thursday. The giant plant will be completed in partnership with the China State Construction Engineering Corporation (CSCEC) and will be slated for commercial operations by late 2029. SK signed the agreement with Egypt last week.
The breakdown: The facility will produce 778 MW of renewable energy — comprising 500 MW from solar energy and 278 MW from onshore wind power — used to power a 250 MW green hydrogen plant generating 50k tons of the green fuel annually. The plant will also convert the produced output into 250k tons of green ammonia for export.
What’s next? The Madbouly government will soon allocate a plot of land for the project, after which the two companies will be able to conduct their feasibility studies and decide on the exact size for the facility and timeline of the project.
We knew this was coming: CSEC and SK ecoplant have been eyeing Egypt as a potential hub for green hydrogen projects since early last year after inking an MoU to “dominate the global renewable energy market” and work together on global renewable energy projects in Asia and Africa.
IN OTHER EGYPT NEWS- Egypt gets another EUR 165 mn from EIB to decarbonize its industry: Egypt’s cabinet has approved EUR 135 mn in soft financing from the European Investment Bank (EIB) and a EUR 30 mn grant from the EU to help finance its Sustainable Green Industry project, according to a cabinet statement on Thursday. This initiative aims to support Egypt's green industry transition by reducing industrial pollution, decarbonizing the industrial sector, and promoting sustainable practices to enhance energy efficiency. The loan was first announced in January, and is amongst a wave of recent green investments from the EIB aimed at supporting the growth of the country’s green sector.
