Egypt relies on renewable hydrogen

In Egypt, Globeleq announces the signing of a renewable hydrogen framework agreement with the government.

Share:

In Egypt, Globeleq announces the signing of a renewable hydrogen framework agreement with the government.

A comprehensive partnership

In Egypt, Globeleq announces a framework agreement with the General Authority of the Suez Canal Economic Zone (SCZONE). In addition, the agreement also includes the Egyptian Sovereign Wealth Fund for Investment and Development (TSFE). The agreement also includes the New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC).

Globeleq will develop, finance, build, own and operate a renewable hydrogen project. The project will be developed in three phases over the next 12 years. In addition, the project totals 3.6GW of electrolysers powered by 9GW of solar photovoltaic and wind energy.

The first phase will consist of a pilot project that will produce 100,000 tons per year of green ammonia from hydrogen. This production in Egypt is mainly intended for export to Europe and Asia. In addition, the first phase is expected to become operational by the year 2026-2027.

An advantageous location

In addition, the project could develop other potential end uses for renewable hydrogen. Thus, the site, in Egypt, could produce green fuels. Waleid Gamal Eldien, President of SCZONE, states:

“The signing of the framework agreement with Globeleq is a continuation of our commitment to implement Egypt’s vision in the transformation to a green economy. The Egyptian government has an ambitious energy transition plan and active steps are being taken to make SCZONE a major hub for renewable hydrogen. This partnership reflects the private sector’s interest in investing in such projects, as they choose SCZONE as a destination for investment in renewable hydrogen and green fuels, to serve both African and global markets.”

Egypt’s unique geographical location at the crossroads of Africa, Europe and Asia is an advantage. With approximately 13% of world trade passing through the Suez Canal, Egypt is ideally situated. Thus, the country aims to become a strategic pole to become a global hub for renewable energy.

Globeleq currently owns the ARC for Renewable Energy SAE solar PV plant. It is located in the solar park of Benban near Aswan. In addition, in Egypt, the company wants to develop new solar, wind and seawater desalination projects.

Lhyfe becomes the first French producer to obtain European RFNBO certification, delivering the first batches of certified hydrogen and opening access to new support mechanisms for the industrial sector.
Tree Energy Solutions and CPC Finland will produce 125,000 tonnes annually of e-NG at the Finnish port of Rauma, targeting European and international markets with a significant investment.
The European Commission grants €3.5mn to support preparatory work for a Franco-German cross-border network aimed at transporting hydrogen between the Grand Est region and Baden-Württemberg starting in 2029.
French company McPhy Energy awaits a court decision regarding offers submitted during its judicial reorganization, paving the way for probable liquidation and potential delisting of its shares.
The majority-Indigenous-owned Canadian manufacturer HyVera Distributed Energy is introducing an eCat pellet that instantly produces ultra-pure green hydrogen without external electricity and is counting on two pilot plants to simplify industrial supply.
Underground hydrogen storage, essential to support its growth, continues to face significantly higher costs than natural gas storage, along with major technical challenges hindering its competitiveness against conventional energies.
Singapore-based hydrogen specialist Hydrexia seals a protocol with Indonesian gas giant Samator to deploy purification, transport and storage of hydrogen, betting on rapidly growing local demand and export outlets to the Asia-Pacific region.
Cadiz Inc. signs a memorandum of understanding with British company Hoku Energy for a large-scale energy project including green hydrogen, solar power, and digital infrastructure in the Californian desert, projecting annual revenues of up to $10mn.
BP indefinitely halts its blue hydrogen project at the Whiting refinery in Indiana, raising questions about the future of federal funding and the impact on regional plans for a decarbonized hydrogen sector in the United States.
The Polish energy group ORLEN receives a non-repayable grant of €382 million from the National Recovery Plan to finance its renewable and low-emission hydrogen production initiatives.
Georgia Power and Mitsubishi Power announce successful completion of an unprecedented test incorporating 50% hydrogen into an advanced gas turbine, reducing CO2 emissions by 22% compared to natural gas alone.
Neoenergia has begun construction of one of Brazil's first green hydrogen plants, aimed at supplying heavy and light vehicles, with an investment exceeding 30 million Brazilian reais ($5.99mn).
The SA-H2 fund, supported by international partnerships and local institutional backing, mobilises 37 million USD to develop export-oriented green hydrogen from South Africa, with an initial concrete project announced.
Turbotech reports successful combustion testing of a hydrogen turboprop, developed through digital simulation with Ansys, marking an industrial milestone in light aircraft using alternative fuel.
France Hydrogène responds to the Cour des Comptes report published on June 5, criticising an incomplete reading of updated targets and the economic impacts of decarbonised hydrogen development.
The Belfort Commercial Court has opened a judicial reorganisation procedure for McPhy, while a renewed call for tenders for its asset sale is now set to close on 13 June.
Plug Power CFO Paul Middleton acquired 650,000 shares on the market, affirming his support for the long-term strategy of the hydrogen-focused company.
The Canadian government is funding an initiative to support 40 SMEs in British Columbia’s hydrogen sector, aiming to increase foreign investment and expand international market share.
Developer CWP Global has paused its $40 billion AMAN project in Mauritania due to a lack of buyers for green ammonia despite favourable local conditions.
A study reveals that the profitability of African green hydrogen exports to the European Union depends on political support from Europe, despite the abundance of ongoing projects on the continent.