| Work Detail |
In what is set to be another milestone in Egypt’s overall hydrogen production scope, Egypt and France $7.68 Billion Hydrogen Facility agreement that was signed will enable the countries to partner in the development, financing, and operation of a green hydrogen production facility. This information was revealed by the Transportation Ministry of Egypt. This major agreement was signed at the event of French President Emmanuel Macron’ visit to the North African country. Location: Ras Shukeir, on Egypt’s Red Sea coast. Cost: €7 billion (approximately $7.68 billion USD). Implementing companies/developers: A cooperation agreement between the Red Sea Ports Authority and the New and Renewable Energy Authority (NREA), in partnership with the Green Fuel Alliance. The Green Fuel Alliance consists of: EDF Renewables (French company) Zero Waste (Egyptian-Emirati company) Financing: Fully financed by the private sector consortium (EDF Renewables and Zero Waste). Furthermore, there are no financial obligations or infrastructure requirements from the Egyptian government. Agreement signing: The agreement was signed on Tuesday, April 8, 2025, during the visit of French President Emmanuel Macron to Egypt. Capacity: 1 million tons of green ammonia annually upon completion of all three phases. Phased development: Phase 1 (Targeting 2029): Production of 300,000 tons of green ammonia per year, with a direct investment of €2 billion. Total investment (all three phases): €7 billion. Significance: Position Egypt as a regional and global hub for green hydrogen and clean fuels. Provide clean fuel for ships passing through the Suez Canal (green bunkering). Export green ammonia to global markets. Promote the localization of green energy manufacturing industries in Egypt (electrolyzers, solar panels, wind turbines). Create significant job opportunities during the construction and operational phases, aiming for 95% local workforce participation in direct roles. Lastly, it will generate revenue for the Egyptian government through land-use fees, licensing, export fees, service charges, and taxes (in foreign currency). |
