Egyptian President Discusses Green Ammonia and Hydrogen Collaboration with Spanish Firm in Madrid
Key Ideas
  • President El-Sisi of Egypt meets with Spanish Navantia to explore green ammonia and hydrogen collaboration in Madrid.
  • Egypt's Suez Canal Economic Zone secures $64 billion in green hydrogen investments through 12 framework agreements.
  • Egypt sets a target of producing 1.5 million mt/year, aiming to boost its green hydrogen production capacity.
  • Quantum Commodity Intelligence offers a premium subscription service providing insights into the hydrogen market.
Egyptian President El-Sisi held discussions with the Spanish state-owned shipbuilder and renewable energy firm Navantia in Madrid. The meeting focused on potential collaboration in green ammonia and hydrogen production, indicating a move towards sustainable energy initiatives. This aligns with Egypt's efforts to boost its green hydrogen capacity, as seen in the $64 billion secured through 12 framework agreements in the Suez Canal Economic Zone. Additionally, Egypt has set an ambitious target of producing 1.5 million metric tons per year. The positive sentiment surrounding these developments highlights a growing interest in renewable energy and signals a shift towards cleaner energy sources. Quantum Commodity Intelligence's subscription service offers valuable insights into the hydrogen market, providing daily price assessments, market news, fundamental trade data, and market reports to subscribers, catering to professionals in the energy sector.
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