Egyptian government entities, including the Sovereign Fund, have signed memorandums of understanding with 7 international companies and alliances working in the field of renewable energy production to implement green hydrogen production projects in the industrial zone of Ain Sokhna city located on the coast of the Gulf of Suez on the Red Sea The Egyptian government is adopting an ambitious plan to use hydrogen as a low-hydrocarbon fuel source, which includes focusing on the production of blue hydrogen in the short and medium term, and thus the production of green hydrogen in the end.
Egypt's Minister of Petroleum and Mineral Resources Tarek El Molla said in previous statements that his country's new and renewable energy program aims to generate 42% of electricity by 2030 from new and renewable enerWalid Jamal al-Din, head of the Suez Canal Economic Zone Authority, said that the signing of memorandums of understanding with multiple international entities aims to establish facilities for the production of green fuel for export abroad and ship catering servicesHe pointed out that the green hydrogen production projects will be held in the industrial zone of Ain Sokhna to take advantage of its proximity to the port and the ongoing development work, while the project to produce green fuel from waste the first of its kind in Egypt will be held in the industrial zone in East Port SaidSignatories to Memorandums of Understanding
Egyptian New and Renewable Energy Authority.
General Authority of the Suez Canal Economic Zone.
Egyptian Electricity Transmission and Distribution Company.
Egypt's sovereign fund.
British company "Global Ec".
Saudi Al-Fanar Company.
Al Kazar UAE Energy Company.
K&K (K&K) UAE Company.
The American-Egyptian energy company MEP.
Indian ACME Group.
British company "Actis
