Egypt, France agree to establish plant for green hydrogen production

Egypt and France today signed a cooperation agreement to establish a plant for the production of green hydrogen.

Under the deal, the two countries will develop, finance, construct and operate a comprehensive facility near Ras Shokair on the western shore of the Gulf of Suez in eastern Egypt for the production of green hydrogen and its derivatives, including green ammonia, the Egyptian Trade Ministry said in a statement.

The deal was signed between the Red Sea Ports Authority and the New and Renewable Energy Authority in partnership with the Green Fuel Alliance, which consists of the French company EDF Renewables and the Egyptian-Emirati company Zero Waste.

The three phases of the project will cost €7 billion ($7.68 billions) with a total production of one million tonnes annually.

The cooperation agreement was inked on the sidelines of French President Emmanuel Macron’s visit to Egypt.

Macron arrived in Cairo on Sunday for a three-day visit for talks with Egyptian officials on bilateral ties and regional developments.

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