Egypt-Germany Collaboration: Grant Signed to Boost Green Hydrogen Production in Egypt
Key Ideas
- A EUR 30 million grant agreement was signed in Hamburg to support a green hydrogen production project in Egypt.
- The project involves collaboration between various entities including Scatec ASA, Fertiglobe, and the Egyptian government.
- Egypt aims to become a regional hub for green hydrogen production, fostering coordination and collaboration in related sectors.
- The agreement signifies enhanced cooperation between Egypt and international partners in advancing green hydrogen and ammonia projects.
At the Hamburg Sustainability Conference, the Egyptian Minister of Petroleum and Mineral Resources witnessed the signing of a EUR 30 million grant agreement with the German government to support a green hydrogen production project in Egypt. This project will be developed by Scatec ASA in collaboration with other entities. Minister Karim Badawi highlighted the importance of this agreement in promoting collaboration between Egypt and its international partners for green hydrogen and ammonia projects. The ceremony, attended by various officials including Minister Rania A. Al-Mashat and German Federal Minister Svenja Schulze, emphasized Egypt's commitment to becoming a regional hub for green hydrogen production. The agreement signifies a step towards realizing Egypt's vision in the green energy sector.
Topics
Projects
Economic Development
Collaboration
International Cooperation
Energy Project
Regional Hub
Grant Agreement
Sustainability Conference
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