- Fortescue Future Industries (FFI), a subsidiary of the Fortescue Group, plans to start production in the green hydrogen project scheduled for launch in Egypt in 2027.
- Kandil believes that Egypt’s geographical location characterised by its proximity to the European market, gives it a strategic advantage, making it possible for Egypt to be among the most significant energy exporters.
Fortescue Future Industries (FFI), a subsidiary of the Fortescue Group, plans to start production in the green hydrogen project scheduled for launch in Egypt in 2027 and complete all stages by 2030. The FFI President of Middle East North Africa, Moataz Kandil, noted that the project includes establishing renewable energy stations with a capacity of 7,600 megawatts to produce about 330 kilotons annually of green hydrogen after completing all stages of the project.
The company signed an agreement with the Egyptian government, represented by the New and Renewable Energy Authority (NREA), the SCZone, the Egyptian Electricity Transmission Company (EETC), and the Sovereign Fund of Egypt for Investment and Development, to study and develop a massive project for the production of green hydrogen and renewable energy in Egypt. Kandil added that the company plans to export green hydrogen to the European market, especially Germany, where Fortescue already has an agreement to supply an estimated quantity of five million tonnes annually by 2030, which enhances Egypt’s position as a hub for clean energy in the region.
Kandil believes that Egypt’s geographical location characterised by its proximity to the European market, gives it a strategic advantage, making it possible for Egypt to be among the most significant energy exporters. Moreover, the company is focused on clean and renewable energy projects. To meet the needs of the local market, followed by export opportunities, FFI is studying options to localise clean energy projects.