Egypt and France have agreed to collaborate on establishing a green hydrogen production plant near Ras Shokair in eastern Egypt. The project, under a cooperation agreement signed by the two countries, will involve the development, financing, construction, and operation of a facility for producing green hydrogen and its derivatives, such as green ammonia. The agreement was made between the Red Sea Ports Authority, New and Renewable Energy Authority, and the Green Fuel Alliance, comprising EDF Renewables and Zero Waste. With a total cost of $7.68 billion, the plant is projected to yield 1 million tonnes of green hydrogen annually. French President Emmanuel Macron's visit to Egypt marked the signing of this significant agreement, emphasizing the strengthening of bilateral relations and discussions on regional matters. The initiative symbolizes a step towards sustainable energy practices through the collaboration of Egyptian and French entities in the production of green hydrogen.