Egypt and France Sign €7bn Agreement for Green Hydrogen and Ammonia Complex in Ras Shokeir
Key Ideas
- Egypt and France have signed a €7bn agreement to develop a green hydrogen and ammonia complex near Ras Shokeir on the Red Sea coast.
- The project, led by EDF and Zero Waste, aims to produce up to 1 million tonnes of green ammonia annually by 2029, with the initial phase targeting 300,000 tonnes per year.
- Over 368 sq km of land will be utilized for solar and wind farms, along with 1.2 million sq m for the industrial plant. Additionally, infrastructure like a jetty and transmission corridor will be established.
- This initiative signifies a significant step towards sustainable energy production and underscores the growing global interest and investment in green hydrogen projects.
Egypt and France have entered a major agreement worth €7bn to develop a cutting-edge green hydrogen and ammonia complex in Ras Shokeir, Egypt. Led by EDF and Zero Waste, the project is set to be a game-changer in the renewable energy sector. The consortium plans to kickstart production in 2029, targeting an impressive capacity of 1 million tonnes of green ammonia per year. The initial phase, backed by €2bn, will focus on establishing the infrastructure to produce 300,000 tonnes annually. To power the facility, vast areas of land will be dedicated to solar and wind farms, with additional space allocated for the industrial plant. The project's scope also includes crucial elements like a 400m-long jetty, a transmission corridor, and a seawater desalination unit. This collaboration showcases a significant push towards a sustainable energy future, highlighting the commitment of both countries to invest in innovative and eco-friendly solutions.
Topics
Green Hydrogen
Renewable Energy
Infrastructure
Investment
Development
Collaboration
Environmental
Mega-project
Agreement
Latest News