{"id":617329,"date":"2024-03-20T00:00:00","date_gmt":"2024-03-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/20\/indias-rana-group-want-to-set-up-a-green-hydrogen-project-here\/"},"modified":"2024-03-20T00:00:00","modified_gmt":"2024-03-20T00:00:00","slug":"indias-rana-group-want-to-set-up-a-green-hydrogen-project-here","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/20\/indias-rana-group-want-to-set-up-a-green-hydrogen-project-here\/","title":{"rendered":"India\u2019s Rana Group want to set up a green hydrogen project here"},"content":{"rendered":"

Another green hydrogen project incoming? <\/strong>Indian construction, engineering, and manufacturing firm Rana Group<\/a> is looking to set up a green hydrogen project in Egypt with investments totaling USD 12 bn over the life of the project, according to a statement<\/a>.<\/p>\n

But that\u2019s not all: <\/strong>Rana also wants to work with the Egyptian government to start manufacturing EVs and providing satellite services to aid the agriculture, mining, and energy sectors in Egypt as part of its plan to expand into Africa.<\/p>\n

Egypt loves green hydrogen: <\/strong>Renewable energy and especially green hydrogen targets have been central to the economic strategy for President Abdel Fattah El Sisi\u2019s third term, which outlines plans to turn Egypt into a regional hub for green hydrogen<\/a> production by 2026 and a global hub by 2030. The country aims to produce 3.2 mn tons of green hydrogen per year by 2029 and 9.2 mn tons per year by 2040.<\/p>\n

We have a whole lot of green hydrogen projects incoming: <\/strong>Last month Egypt inked seven MoUs<\/a> with international and local companies to develop green hydrogen and renewable energy projects worth USD 41 bn in the Suez Canal Economic Zone over the next ten years. <\/p>\n

Even more: <\/strong>Egypt inked framework agreements worth a combined USD 83 bn<\/a> during 2022\u2019s COP27 in Sharm El Sheikh with international companies to construct nine green hydrogen and ammonia facilities in the SCZone. The facilities would collectively produce up to 7.6 mn tons of green ammonia and 2.7 mn tons of hydrogen a year when fully operational.<\/p>\n

To help bring in investors: <\/strong>Companies that implement green hydrogen projects within five years will receive tax breaks of 33-50%<\/a> on income and pay no VAT on raw materials, plant and machinery bought for the plants. <\/p>\n","protected":false},"excerpt":{"rendered":"

Rana Group wants invest up to USD 12 bn over the life of the project<\/p>\n","protected":false},"author":1,"featured_media":617330,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7207],"tags":[93,72,254,8477,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-green-hydrogen","tag-rana-group","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"519bc055-2759-4a33-aa29-fbcd4bd9c673","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1747.jpg","photo_position":"above","homepage_title":"","full_issue_title":"India\u2019s Rana Group want to set up a green hydrogen project in Egypt","related_issue":[617324],"teaser":"Rana Group wants invest up to USD 12 bn over the life of the project","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.51f1606d-3440-4c6f-a8ec-7f9e653fda21.mp3"},"yoast_head":"\nIndia\u2019s Rana Group want to set up a green hydrogen project here - EnterpriseAM Egypt<\/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\/egypt\/2024\/03\/20\/indias-rana-group-want-to-set-up-a-green-hydrogen-project-here\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s Rana Group want to set up a green hydrogen project here\" \/>\n<meta property=\"og:description\" content=\"Rana Group wants invest up to USD 12 bn over the life of the 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visit to India","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/1525.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596076,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/10\/ocior-energy-to-build-usd-4-bn-green-hydrogen-plant-in-sczone\/","url_meta":{"origin":617329,"position":1},"title":"Ocior Energy to build USD 4 bn green hydrogen plant in SCZone","author":"enterpriseam admin","date":"10 August 2023","format":false,"excerpt":"The plant will take 5-6 years to build, with expected revenues of USD 1 bn annually","rel":"","context":"In 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Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587248,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/energy-china-to-ink-framework-agreement-for-green-hydrogen-plant-by-july\/","url_meta":{"origin":617329,"position":4},"title":"Energy China to ink framework agreement for green hydrogen plant by July","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"The plant will produce 1.2 mn tons of ammonia and 210k tons of hydrogen","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1326.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577089,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/fertiglobe-commissions-100-mw-plant-kicking-off-a-big-day-for-green-hydrogen-in-egypt\/","url_meta":{"origin":617329,"position":5},"title":"Fertiglobe commissions 100 MW plant, kicking off a big day for green hydrogen in Egypt","author":"enterpriseam admin","date":"9 November 2022","format":false,"excerpt":"It was a big day for Egypt\u2019s green hydrogen ambitions yesterday as the first phase of Africa\u2019s first integrated green hydrogen plant went into commissioning and AMEA Power set out the details of its 500-MW green hydrogen plant.IT\u2019S LIGHTS ON FOR OUR FIRST GREEN HYDROGEN PLANT-Commissioning kicks off at Ain\u2026","rel":"","context":"In 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