- Egyptian prime minister Mostafa Madbouly announced yesterday that China Energy Engineering Corporation would break ground in May on one of the country’s first green hydrogen projects.
- Madbouly welcomed the Chinese company’s investment in hydrogen and desalination infrastructure and expressed his country’s readiness to provide the incentives necessary to implement them.
Egyptian prime minister Mostafa Madbouly announced yesterday that China Energy Engineering Corporation would break ground in May on one of the country’s first green hydrogen projects. The move, which follows the signing of a memorandum of understanding in November, will create a development with an investment value of $5.1bn.
China Energy will develop the project in two phases. It will consist of a solar park, wind farm, and facility for electrolysing water and synthesising ammonia. It can produce 140,000 tonnes of green hydrogen a year when both phases are complete. The plant will aim to export ammonia to European markets, a move intended to relieve Egypt’s chronic shortage of foreign exchange.
The announcement was made during a meeting of the Egyptian cabinet, attended by China Energy chairman Song Hailiang. Madbouly welcomed the Chinese company’s investment in hydrogen and desalination infrastructure and expressed his country’s readiness to provide the incentives necessary to implement them.