Egypt and France to Collaborate on Green Hydrogen Production in Ras Shoukair
Key Ideas
- Egypt and France signed a cooperation agreement to develop a green hydrogen plant in Ras Shoukair, with a total investment of 7 billion euros.
- The project, led by a consortium including EDF Renewables and Zero Waste, aims to produce one million tons of green ammonia annually by 2029.
- The integrated project will involve solar and wind energy generation, a seawater desalination unit, and the development of a shipping dock with necessary facilities.
- This initiative highlights Egypt's commitment to becoming a regional leader in clean energy and attracting investments in the green economy.
The Arab Republic of Egypt and the French Republic have come together to sign a cooperation agreement aimed at developing an integrated plant in the Ras Shoukair area to produce green hydrogen and its derivatives, such as green ammonia. This initiative, with a substantial investment of 7 billion euros, is part of Egypt's endeavor to provide clean fuel for bunkering and export to global markets. Led by the French company EDF Renewables and the Egyptian-Emirati company Zero Waste, the project will unfold in three phases, targeting an annual production of one million tons of green ammonia by 2029. The plans encompass the allocation of significant land areas for solar and wind energy generation, construction of a factory complex, and establishment of essential infrastructure like a seawater desalination unit and a dedicated shipping dock. The project underlines Egypt's aspirations to solidify its position as a regional hub for clean energy and to foster investments in the green economy, positioning itself in the forefront of sustainable development efforts.
Topics
Middle East
Renewable Energy
Infrastructure
Investment
Economic Development
Clean Fuel
Green Ammonia
Regional Hub
Cooperation Agreement
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