{"id":77611,"date":"2023-05-24T01:00:37","date_gmt":"2023-05-24T01:00:37","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/24\/egypt-and-energy-china-plan-to-sign-framework-agreement-for-usd-7-bn-green-hydrogen-plant\/"},"modified":"2023-05-24T01:00:37","modified_gmt":"2023-05-24T01:00:37","slug":"egypt-and-energy-china-plan-to-sign-framework-agreement-for-usd-7-bn-green-hydrogen-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/24\/egypt-and-energy-china-plan-to-sign-framework-agreement-for-usd-7-bn-green-hydrogen-plant\/","title":{"rendered":"Egypt and Energy China plan to sign framework agreement for USD 7 bn green hydrogen plant"},"content":{"rendered":"

<\/a> Egypt to ink framework agreement for USD 7 bn green hydrogen plant:<\/strong> State-owned energy conglomerate China Energy Engineering Corporation (Energy China) will sign a framework agreement within two months with Egyptian government authorities to develop a USD 7 bn green hydrogen plant in Egypt\u2019s Suez Canal Economic Zone (SCZone), according to a statement<\/a>. The expected price tag of the project has increased USD 1.9 bn from the previously announced USD 5.1 bn investment earmarked for the project back in March<\/a>.The agreement was signed by SCZone CEO Walid Gamal El Din during the SCZone\u2019s global roadshow this week<\/a> to drum up investments, and a visit to India is on the agenda for next month<\/a>.<\/p>\n

What we know about the project:<\/strong> The green hydrogen plant \u2014 which both the SCZone and Energy China have both yet to announce a timeline for \u2014 would produce 210k tons of green hydrogen and 1.2 mn tons of green ammonia per year, the statement notes.<\/p>\n

REFRESHER- The Egyptian government approved green hydrogen incentives earlier this <\/strong>month to boost the country\u2019s green hydrogen sector <\/strong>and enhance foreign exchange inflows, and signed framework agreements worth c. USD 83 bn<\/a> for nine green hydrogen and ammonia plants at COP27 last year. The plants would produce up to 7.6 mn tons of green ammonia and 2.7 mn tons of hydrogen a year once fully operational.<\/p>\n

SCZone is drumming up interest in Egypt\u2019s renewables sector:<\/strong> SCZone\u2019s delegation said several Chinese firms have already expressed interest in Egypt\u2019s renewables manufacturing sector including Sinoma Engineering<\/a>, which is gearing up to establish a turbine blade manufacturing plant in the SCZone, according to a separate statement<\/a>.<\/p>\n

Energy China is looking to expand its regional foothold beyond Egypt:<\/strong> Back in March, the company signed an MoU<\/a> with Morocco\u2019s Gaia Energy and Saudi Arabia\u2019s Ajlan & Bros to jointly build a green hydrogen production facility in the kingdom which is set to produce some 1.4 mn tons of the green ammonia and 320k tons of green hydrogen annually once operational.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt to ink framework agreement for USD 7 bn green hydrogen plant: State-owned energy conglomerate China Energy Engineering Corporation (Energy China) will sign a framework agreement within two months with Egyptian government authorities to develop a USD 7 bn green hydrogen plant in Egypt\u2019s Suez Canal Economic Zone (SCZone), according to a statement. The expected […]<\/p>\n","protected":false},"author":1,"featured_media":77612,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[269],"tags":[69,40,11,39,298,88],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-hydrogen","tag-china","tag-egypt","tag-enterpriseclimate","tag-green-hydrogen","tag-hydrogen","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"3252c23e-e71d-49fb-90b1-9ffd69bf8ae4","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1916.jpg","photo_position":"above","related_issue":[77604],"teaser":"","voice_url":""},"yoast_head":"\nEgypt and Energy China plan to sign framework agreement for USD 7 bn green hydrogen plant - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/24\/egypt-and-energy-china-plan-to-sign-framework-agreement-for-usd-7-bn-green-hydrogen-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt and Energy China plan to sign framework agreement for USD 7 bn green hydrogen plant\" \/>\n<meta property=\"og:description\" content=\"Egypt to ink framework agreement for USD 7 bn green hydrogen plant: State-owned energy conglomerate China Energy Engineering Corporation (Energy China) will sign a framework agreement within two months with Egyptian government authorities to develop a USD 7 bn green hydrogen plant in Egypt\u2019s Suez Canal Economic Zone (SCZone), according to a statement. 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