Egypt recently announced a series of significant deals in green hydrogen and ammonia production, valued at over $66 billion.
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BP has entered into a Joint Development Agreement (JDA) with the UAE’s Masdar, Egypt’s Hassan Allam Utilities, and Infinity Power to explore the development of a multi-phase green hydrogen project in Egypt.
The Egyptian government’s recent announcement of allocating approximately 41,700 square kilometers for renewable energy projects aimed at green hydrogen production marks a step towards diversifying the nation’s energy portfolio.
Egypt’s parliament has recently ratified a comprehensive set of incentives aimed at propelling the nation into the forefront of the burgeoning green hydrogen export market.
Minister Plenipotentiary Trade and Head of Commercial Representation Yahya Al Wathiq Billah recently convened with representatives from India’s Rana Group, a multifaceted conglomerate renowned for its prowess in diverse economic sectors, including electric vehicles, agricultural equipment, satellites, and sustainable energy, particularly green hydrogen.
Egypt has embarked on an initiative to catalyze sustainable energy development, paving the way for a monumental investment of $40 billion in green hydrogen and renewable technology.
Egypt has signed seven Memorandums of Understanding (MoUs), worth around $40 billion, with international developers for the development of green hydrogen and renewable energy.
Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, recently convened with Tanzanian Deputy Minister of Energy for Energy Transition, Judith Kapinga, to deliberate on bolstering cooperation in the domains of natural gas and green hydrogen.
In recent developments, Egypt has embarked on a journey towards green hydrogen, with a keen eye on collaboration opportunities with the European Union (EU).
Germany’s Power-to-X Development Fund has unveiled a significant €270 million grant opportunity aimed at enhancing hydrogen production in select countries, including Morocco, South Africa, Brazil, Egypt, Georgia, India, and Kenya.
