The Egyptian government has signed a preliminary agreement with an Indian renewable energy company for green hydrogen projects in the Suez Canal Economic Zone (SCZone). The deal forms part of the country’s National Climate Strategy 2050 and will see Ocior Energy invest $4 billion in green hydrogen projects. and use alternative energy, including green hydrogen. Three-phase plan for a green hydrogen economyEgypt in green hydrogen production pushTotal investments in Egypt’s hydrogen infrastructure are expected to reach $500 billion by 2030, according to Minister of Planning and Economic Development Hala El-Said. Ocior Energy said the project is located in Suez Canal Zone, “an ideal location for production of competitive green ammonia”.

Source: The North Africa Journal August 14, 2023 09:11 UTC