Prime Minister Mostafa Madbouly of Egypt recently presided over a significant meeting to examine a proposed project for producing green hydrogen and ammonia in the Gulf of Suez. This initiative is in line with Egypt's broader energy strategy, emphasizing the shift towards new and renewable energy sources to decrease carbon emissions and enhance the country's capabilities in the energy sector. During the meeting, Prime Minister Madbouly stressed the importance of projects like this, highlighting their role in positioning Egypt as a hub for green hydrogen production. He emphasized the state's incentives and Egypt's abundant renewable energy resources as key factors in achieving carbon neutrality and attracting investments. The 'Green Fuel Alliance' project, a joint effort between the Ministries of Transport and Electricity, aims to produce green ammonia competitively for use as an alternative fuel, supporting global endeavors to lower carbon emissions. Key goals include supplying green fuel to ships transiting the Suez Canal and exporting it to international markets. This endeavor is poised to establish Egypt as a pivotal energy trading center, taking advantage of its strategic location amidst fierce competition in the energy industry. The meeting witnessed the presence of various prominent officials, including ministers and company chairpersons, signifying strong governmental support and collaboration for this green energy initiative.