The Egyptian Government has unveiled plans to establish a large-scale green hydrogen plant in South Sinai, with a capacity of 400 kt/year. The project will be executed in three phases and cover a vast area of 127 km2, requiring a substantial investment of US$17bn. To power the electrolysers, a 3.1 GW solar array will be utilized during daylight, complemented by pumped-storage hydropower that will generate electricity at night with the help of stored water. The completion timeline spans from 2030 for the initial phase to 2035 for the final phase. Additionally, there is a strategic intent to export hydrogen to Europe using the Suez Canal. Egypt is eyeing a total investment of US$60bn to position itself as a global hub for green hydrogen and green ammonia. With the unveiling of the National Low-Carbon Hydrogen Strategy in August 2024, Egypt aims to capture a significant 8% share of the global market by producing 5.6 Mt/year of hydrogen for export. This initiative aligns with the country's goals of economic development, sustainability, and strengthening its position in the renewable energy sector.