Hydrogen + Storage

Hydrogen flow: Egypt plans $8 billion green hydrogen project near Suez Canal

Seetao 2022-08-03 16:37
  • Egypt is taking several steps to support renewable energy and hydrogen projects
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Egyptian authorities and Indian energy company Renew Power have signed a memorandum of understanding to build an $8 billion green hydrogen facility near the Suez Canal. The first phase of the development plan is worth US$710 million and covers 600,000 square meters. The facility plans to produce 20,000 tons of green hydrogen and 100,000 tons of green ammonia by 2025. The deal is targeting the export market, and a small amount of the internal market. According to the Egyptian government, the country is working to use hydrogen for transportation. The ultimate goal is to produce 220,000 tons of green hydrogen and 1.1 billion tons of green ammonia. It is unclear when the second phase of the project will be operational. The Suez Canal Economic Zone has so far signed eight memorandums of understanding in the hydrogen sector with international companies including Maersk, Scatec and EDF Renewables. In November, Egypt will host the 27th Conference of the Parties in Sharm El Sheikh. Egypt is also exploring hydrogen cooperation with Germany. In its 2035 energy strategy, revisited this week, Egypt said it would focus on green hydrogen, wind and solar.

Iberdrola and bp have announced their intention to form a strategic collaboration aimed at helping accelerate the energy transition. The two companies hope to jointly build large green hydrogen production centers in Spain, Portugal and the United Kingdom. The two companies also want to produce green ammonia for export, most likely to northern Europe. Iberdrola and bp aim to complete the joint venture agreement by the end of 2022. They will then explore potential opportunities for future green hydrogen production in other regions. The second agreement focuses on electric mobility in the Iberian Peninsula.

Ukraine and the European Union are considering hydrogen cooperation. Our joint plan includes the development of renewable energy sources as well as biomethane and hydrogen, Ukrainian Energy Minister German Galushchenko said after a meeting with Energy Commissioner Kadri Simson. Ukraine has a huge potential for biomethane production; we are currently working to create a mature market for this biofuel. Hydrogen energy also has great prospects, and the EU has identified Ukraine as one of the main partners for hydrogen energy development.Editor/XingWentao