Egypt Considers a Potential USD 1 Billion Green Hydrogen Plant Deal ...Egypt

Photo credit: Shutterstock. Switzerland’s Smartenergy eyes Egypt for a green hydrogen investment opportunity worth USD 1 billion. The expansion would be the firm’s first outside Europe. The company is at the later stages of negotiations with the Egyptian government to build a green hydrogen plant, a source confirmed to Asharq Al-Aswsat. According to Smartenergy’s Chief Financial Officer René Cotting, the agreement between both parties will soon be ratified. However, he did not provide any additional information on the matter. Sources mentioned that the agreement was initially scheduled to be signed some time ago, but delays occurred due to certain procedures concerning new land licenses and

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Egypt Considers a Potential USD 1 Billion Green Hydrogen Plant Deal ...Egypt

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