Egypt and France shake hands on €7bn green hydrogen complex ...Middle East

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Egypt and France shake hands on €7bn green hydrogen complex
Egypt and France have signed a €7bn agreement to develop a green hydrogen and ammonia complex near Ras Shokeir on the Red Sea coast, Arab News reports. 

It will be financed and built by a private sector consortium led by French utility EDF and UAE-based Zero Waste, in partnership with the General Authority for the Red Sea Ports and the New and Renewable Energy Authority.

The complex is expected to produce up to 1 million tonnes of green ammonia a year, starting in 2029.

    The first €2bn phase will create the capacity to produce 300,000 tonnes of green ammonia a year.

    Around 368 sq km of land in Ras Shokeir has been allocated for the solar and wind farms needed to power the facility, and 1.2 million sq m will be used for the industrial plant.

    The project also includes a 400m-long jetty with a 17m  draft, and a 7km transmission corridor. A dedicated seawater desalination unit will supply the project’s water needs.

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    Further reading:

    BP, Iberdrola to build Spain’s largest green hydrogen project Germany approves €24bn fund to kickstart hydrogen economy Chilean firm reaches first milestone in $6bn Uruguayan megaproject

    Egypt and France shake hands on €7bn green hydrogen complex Global Construction Review.

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