The Green Hydrogen Facility – The European Bank for Reconstruction and Development (EBRD) has provided an $80 million loan to Egypt Green. Egypt Green, owned by Fertiglobe, Scatec ASA, Orascom Construction, and the Sovereign Fund of Egypt, aims to develop the country’s first green hydrogen facility. Used to produce sustainable green ammonia, the output will be sold both domestically and internationally, while also contributing to global net-zero targets.

COP27 Commitment – Egypt has committed $40 billion to its green hydrogen economy to attract foreign investment. The country’s pipeline for green hydrogen projects stands at 11.62 gigawatts (GW), equivalent to over 1.57 million tonnes of green hydrogen.

Foreign Investment – Global conglomerates like Eni, General Electric, and Thyssen Krupp have expressed interest in establishing hydrogen plants in Egypt. Totalling a $2 billion investment, these plants aim to produce both green and blue hydrogen.

Egypt’s strategic location and commitment to hydrogen development make it an attractive investment destination.

Join us at the Global African Hydrogen Summit - your gateway to Africa’s hydrogen investment opportunity.