Egypt Green Hydrogen Project Secures Major Contract for European Export
Key Ideas
  • The Egypt Green Hydrogen project in the Suez Canal Economic Zone has secured a significant 397-million-euro contract to export green fuel to Europe.
  • The project will supply green ammonia to Europe from 2027 to 2033, with an initial supply of 19,500 tonnes in 2027 and a potential increase to 397,000 tonnes by 2033.
  • The initiative involves multinational cooperation with partners like Fertiglobe, Scatec ASA, Orascom Construction, and the Egyptian Sovereign Fund and was launched during COP27 hosted by Egypt.
  • This contract signifies a major step towards sustainable energy production and international collaboration in combating climate change.
The Egypt Green Hydrogen project, located in the Suez Canal Economic Zone, has made a significant stride towards promoting green energy by securing a massive 397-million-euro contract to export green fuel to Europe. This initiative will see the project supplying green ammonia to Europe from 2027 to 2033, starting with an initial quantity of 19,500 tonnes in 2027 and the potential to increase this to 397,000 tonnes by 2033. The contract, priced at 1,000 euros per tonne, highlights the commitment to sustainable energy practices and signifies a pivotal moment in the global effort to reduce carbon emissions. The project, led by Fertiglobe in collaboration with Scatec ASA, Orascom Construction, and the Egyptian Sovereign Fund, was officially announced during the 2022 United Nations Climate Change Conference (COP27) held in Sharm el-Sheikh. This partnership showcases a united front in the fight against climate change and emphasizes the importance of international cooperation in achieving environmental goals. The successful contract execution not only boosts economic development in the region but also sets a positive example for other nations looking to invest in green energy and reduce their carbon footprint. The Egypt Green Hydrogen project's achievement opens up new opportunities for green investment, technological advancement, and sustainable growth in the energy sector.
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