While details on the project are thin, the plans were confirmed by Egypt’s Transportation Ministry. The agreement was signed in Cairo during President Emmanuel Macron’s visit to Egypt.
On Monday (April 7), the two nations signed numerous strategic agreements covering health, transport and energy to help shore up Egypt’s stability.
“Egypt is a strategic partner for our country,” President Macron said. “I would thus like to reaffirm France’s commitment to ensuring the stability of Egypt given the context of a worsening climate in the region and as the Egyptian economy faces challenges.”
By 2030, Egypt aims to capture 5-7% of the hydrogen market, initially planning to export 100% of its hydrogen as green ammonia.
In November 2023, the country approved its national green hydrogen strategy, which set out goals to create 100,000 jobs and increase GDP by $10-18bn by 2040.
Last month, the Egyptian Government unveiled plans to build a green hydrogen plant in South Sinai worth $17bn, powered by a 3.1GW solar array.
Local reports have stated this project will require 127 square kilometres and could produce up to 400,000 tonnes of green hydrogen per year.
Stay ahead with the latest Hydrogen Intelligence!
With a focus on global coverage, dynamic analytics, and long term forecasting our centralised hub offers unparalleled insights and strategic advantages for investors, policymakers, and industry professionals.
H2 Intelligence provides global analytics for both conventional and emerging hydrogen sectors. Hydrogen production, transportation demand, and global hydrogen policy are featured in our brand new dashboard.
Enquire here and a member of the BI team will be in touch.