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Egypt is getting a new green hydrogen plant: A consortium of France’s EDF Renewables and Egyptian-Emirati firm Zero Waste inked a cooperation agreement with Egypt’s Red Sea Ports Authority (RSPA) and the New and Renewable Energy Authority to finance, develop, and operate a EUR 7 bn green hydrogen plant in Ras Shukeir. according to a statement issued on Tuesday. The agreement was signed during French President Emmanuel Macron’s visit to Egypt.
About the project: The project will have an annual production capacity of 1 mn tons of green ammonia when fully operational in early 2029 — production will be split between the local market and exports. The first of the project’s three phases will cost some EUR 2 bn and will produce 300k mn tons of green ammonia annually.
There’s more: The project company will also finance and develop a 7 km long, 100 m wide electricity transmission line, a seawater desalination unit to supply the facility, and a 400 m long 17 m draft loading dock for the RSPA.
Where do things stand? The alliance has already completed a preliminary feasibility study for the project. Land has also been allocated for the project, including for the renewables facilities that are set to power the project’s three phases and 120 hectares for the construction.
REMEMBER- The government in August launched the National Low-Carbon Hydrogen Strategy in August, which aims to clench a 5-8% share of the global hydrogen market by 2040. The strategy outlines two scenarios — a “central” scenario which sees the country producing 1.5 mn tons per annum of green hydrogen by 2030, with 1.4 mn tons pegged for export, and a more ambitious “green” scenario that sees the country producing 3.2 mn metric tons of green hydrogen annually by 2030, with 2.8 mn metric tons earmarked for export.
ALSO- There’s more from Macron’s visit: Egypt and the French Development Agency (AFD) also signed nine agreements for sovereign financing worth EUR 262.3 mn, according to a statement. Over EUR 120 mn were earmearked for projects in the wastewater treatment sector.
The projects include:
- Upgrading Alexandria wastewater treatment plant: AFD will provide EUR 68 mn in financing and EUR 2 mn in grants to upgrade East Alexandria Treatment Plant. The project’s first phase is planned for completion of the first phase by 2032, and the facility is expected to serve 1.5 mn people with 300k cubic meters of water per day.
- Expanding Yellow Mountain wastewater treatment plant: The AFD agreed to provide EUR 50 mn in financing and a EUR 1.5 mn — alongside another grant from the EU worth EUR 10 mn, to expand the Yellow Mountain Wastewater Treatment Plant in Cairo.
