Egypt’s Ministry of Transport has secured Cabinet approval for a groundbreaking project aimed at producing green hydrogen.
Developed in collaboration with Belgium’s renowned energy company DEME, this initiative forms a crucial part of Egypt’s broader strategy to localize the production of green hydrogen and its derivatives, including green ammonia.
The proposed project is strategically positioned near the Jarjoub sea port and the Jarjoub Special Economic Zone, underscoring Egypt’s commitment to leveraging its advantageous geographical position. This location choice is indicative of the nation’s intent to play a pivotal role in the global energy landscape.
The ambitious project is slated to unfold in three distinct phases, with the initial phase requiring a substantial investment of up to $3.1 billion. This significant financial commitment underscores Egypt’s dedication to fostering sustainable energy practices and contributing to the broader global effort to combat climate change.
One of the primary goals of this green hydrogen initiative is to cater to the escalating demand for green hydrogen in the European market. Egypt aspires to strengthen its position as a regional and global energy exporter, aligning its ambitions with the growing emphasis on cleaner and renewable energy sources.
Prime Minister Madbouly has expressed unwavering support for the project, emphasizing Egypt’s commitment to providing a conducive environment for the success of DEME within the country. By aligning governmental support with the objectives of the green hydrogen initiative, Egypt aims to position itself as a key player in the global transition towards sustainable energy.
Beyond the borders of Egypt, the $3.1 billion green hydrogen initiative holds the potential for global impact. As the world seeks cleaner alternatives to traditional energy sources, Egypt’s venture into green hydrogen production signifies a commitment to environmental sustainability and a paradigm shift towards a greener and more resilient future.
