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Egypt to establish a hydrogen plant with capacity 400,000 tons for export to EU 

Egypt’s Prime Minister Mostafa Madbouly on August 8 reviewed a plan for a major foreign company to establish a giant green hydrogen station in the country, Daily News Egypt reported.Cabinet spokesperson Nader Saad said the meeting discussed an offer from a major foreign company to establish a giant green hydrogen generation station through direct foreign investments.He said the project’s capacity is expected to reach 400,000 tons annually, relying entirely on solar energy with a capacity of 15 gigawatts. The station’s production of green hydrogen will be fully exported to Europe, with an estimated value of $1bn annually. The project is also expected to create numerous job opportunities.Saad said a feasibility study for the project will begin in the near future, and that a distinguished site has been chosen for the project. However, the statement did not disclose the company’s name.

Source https://is.gd/NXFUQD

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