- Egyptian government approves China Energy to build a $5.1 billion hydrogen plant.
- China Energy estimates that around 140,000 tonnes of green hydrogen will be produced annually.
The Egyptian government has approved China Energy’s application to build a $5.1 billion (£4.2bn) hydrogen plant in the country.
During a recent meeting, Egyptian Prime Minister Mostafa Madbouly and China Energy Chairman Song Hailiang announced the project together.
At the end of last year, China Energy signed an agreement to investigate green hydrogen production in the Suez Canal Economic Zone and will now develop the project in two stages.
A wind farm and solar park, and an ammonia synthesis facility will be built to generate hydrogen without carbon emissions.
China Energy estimates that around 140,000 tonnes of green hydrogen will be produced yearly once the site is operational.
The company has already completed 10 projects in Egypt, including a 700MW solar project in Kom Ombo.