The discussions came as Egypt gears up to host the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh between November 7-18.

FFI has already signed a Memorandum of Understanding (MoU) to conduct studies with a view to developing green hydrogen production in Egypt.

FFI Founder and Executive Chairman Dr Andrew Forrest said Egypt is on the way to becoming “a global powerhouse” in the green energy value chain.

He said, “Egypt’s excellent wind and solar resources can generate the renewable energy required to produce large scale green electricity, green hydrogen and green ammonia.”

FFI, which is committed to producing green hydrogen, containing zero carbon, from 100 per cent renewable sources, is a wholly owned subsidiary of global green energy and resources company Fortescue Metals Group, which has a $33.75bn market capitalisation.

FFI President Middle East North Africa, Moataz Kandil said “FFI’s presence in Egypt is not only a step towards beginning to lower emissions, but a commitment to delivering social, environmental and economic benefits to the region.”

The Presidential spokesperson said the meeting discussed collaboration between FFI and Egypt’s electricity and renewable energy sector in the fields of green hydrogen production and green ammonia, as well as the localisation of electricity production from solar and wind resources such as solar panels and wind turbines.

Egypt’s pipeline for green hydrogen projects already stands at over 11GW, ranking the country in the top three by pipeline alongside Australia and Mauritania.

Last month FFI held its first in-person public information session in Newfoundland and Labrador to discuss potential renewable energy production on the island portion of the province.