A framework agreement was signed by Masdar, its consortium partners Infinity Power Holding and Hassan Allam Utilities, and prominent state-backed institutions in Egypt for the development of a 2 GW green hydrogen project in the Suez Canal Economic Zone (SCZONE).
Thirty French firms are interested in investing in green hydrogen in Egypt, according to Dr. Dalia Samir, the managing director of Hydrogen Egypt.
Cop27: Egypt announced its intention to establish itself as a center for hydrogen production and capture 5% of the world market by 2040.
The “Green Hydrogen Forum” is launched by Belgium and Egypt with the goal of “becoming a European gateway for the import of green hydrogen.”
The collaboration will support commercial strategies, technology, and capacity-building initiatives for the deployment of low-carbon hydrogen in poor nations.
The first green hydrogen plant to be built in Egypt will receive an $80 million loan from EBRD.
The project’s overall capacity for producing green hydrogen will increase to 2,20,000 tonnes per year.
The “Green Pipeline Project,” a pilot project on the injection of green hydrogen into the natural gas network and decarbonization of the energy sector, was approved by the Portuguese government with costs of 867,692 euros till 2024.
The idea would have South Africa export up to 8 million tonnes of clean-burning fuel and its derivatives by 2050 and satisfy local demand of 2 to 5 million tonnes.
The $9.3 million Denham Hydrogen Demonstration Plant produced its first hydrogen.
