DNV and PETROJET have signed a memorandum of understanding (MoU) to deepen their partnership in Egypt’s energy transition through the development of green hydrogen and its derivatives, including ammonia.
Browsing: Egypt
The first green hydrogen production facility in Egypt will be built and run by Egypt Green Hydrogen SAE with the help of a $80 million equity bridge financing from the European Bank for Reconstruction and Development (EBRD).
Mauritania, Egypt’s energy company Infinity, and Masdar of the United Arab Emirates inked a memorandum of agreement for a $34 billion green hydrogen project in the West African nation.
Badr Abdel Ati, Egypt’s ambassador to the EU and Belgium, has examined ways to increase collaboration with the EU in the areas of renewable, conventional, and clean energy as well as green hydrogen.
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According to research by the European Investment Bank (EIB), the African Union, and the International Solar Alliance, Egypt is predicted to create 20 million tons of green hydrogen annually by 2035.
The government of Egypt announced that the cabinet has approved a permit for the construction of a green ammonia project with a 1 million ton annual production capacity in the Ain Sokhna industrial zone.
Over the next ten years, approximately 100,000 megawatts of renewable energy will be used to produce green hydrogen, according to Dr. Mohamed Shaker, Egypt’s minister of electricity and renewable energy.
In accordance with a memorandum of understanding they signed, BP will look into the possibility of creating a new green hydrogen production facility in Egypt.
In order to develop, finance, and run a cluster combining green hydrogen production with solar and wind power generation, Paris-based Voltalia, and its Egyptian partner TAQA Arabia, have signed a Memorandum of Understanding with the Government of Egypt.
