Hynfra's Ambitious Plan: $10.6 Billion Green Hydrogen Plant in Egypt
Key Ideas
- Hynfra, a Polish renewable energy company, plans to invest $10.6 billion in building a green hydrogen plant in Egypt.
- The initial output capacity of the plant will be 100,000 tonnes per year, with plans to increase production to one million tonnes per year.
- All the hydrogen produced will be exported to the European Union as part of existing export agreements.
- This project is part of Hynfra's global initiative to build 5 green hydrogen plants worldwide, with the Egypt plant expected to be completed by 2030.
Polish company Hynfra is set to embark on a significant venture in Egypt by constructing a green hydrogen plant with an estimated investment of $10.6 billion. The plant will have an initial output capacity of 100,000 tonnes per year, costing approximately $1.6 billion. Foreign creditors will fund this phase. With plans to enhance production to one million tonnes per year, the total investments in the project could reach $10.6 billion. The entire output from the plant will be exported to the European Union under established export agreements. Hynfra's founder, Tomoho Umeda, revealed that this Egypt project is part of their larger plan to build five green hydrogen plants globally, with an expected completion date of 2030. Hynfra's partnership with Jordan Green Ammonia (JGA) for a green ammonia project further highlights their commitment to sustainable energy initiatives. The completion of the feasibility study for this project signifies progress towards achieving their green energy goals.