{"id":89562,"date":"2025-04-11T00:00:00","date_gmt":"2025-04-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2025\/04\/11\/egypt-inks-eur-7-bn-green-hydrogen-plant-agreement-during-macrons-visit\/"},"modified":"2025-04-11T00:00:00","modified_gmt":"2025-04-11T00:00:00","slug":"egypt-inks-eur-7-bn-green-hydrogen-plant-agreement-during-macrons-visit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2025\/04\/11\/egypt-inks-eur-7-bn-green-hydrogen-plant-agreement-during-macrons-visit\/","title":{"rendered":"Egypt inks EUR 7 bn green hydrogen plant agreement during Macron\u2019s visit"},"content":{"rendered":"

<\/strong>Egypt <\/strong>is getting a new green hydrogen plant:<\/strong> A consortium of France's EDF Renewables and Egyptian-Emirati firm Zero Waste inked a cooperation agreement with Egypt\u2019s 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<\/a> issued on Tuesday. The agreement was signed during French President Emmanuel Macron\u2019s visit to Egypt. <\/p>\n

About the project: <\/strong>The project will have an annual production capacity of 1 mn tons of green ammonia when fully operational in early 2029 \u2014 production will be split between the local market and exports. The first of the project\u2019s three phases will cost some EUR 2 bn and will produce 300k mn tons of green ammonia annually. <\/p>\n

There\u2019s more:<\/strong> 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.<\/p>\n

Where do things stand?<\/strong> 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\u2019s three phases and 120 hectares for the construction. <\/p>\n

REMEMBER- <\/strong>The government in August<\/a> 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 \u2014 a \u201ccentral\u201d 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 \u201cgreen\u201d 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. <\/p>\n

ALSO- There\u2019s more from Macron\u2019s visit: <\/strong>Egypt and the French Development Agency (AFD) also signed nine agreements for sovereign financing worth EUR 262.3 mn, according to a statement<\/a>. Over EUR 120 mn were earmearked for projects in the wastewater treatment sector. <\/p>\n

The projects include: <\/strong><\/p>\n