Egypt and France have inked an agreement to establish an integrated green hydrogen and derivatives production complex, including green ammonia, in the Ras Shukeir region of Egypt. The project will consist of three phases and is expected to draw investments of approximately €7 billion. The private sector will provide the entire investment.
Furthermore, once operational, the project is expected to generate approximately one million tonnes of green ammonia annually. The first phase of the project is said to begin in 2029 and will be led by a partnership between EDF Renewables and Zero Waste. Additionally, approximately €2 billion will be directly invested in this phase and it will produce 300,000 tonnes of green ammonia annually.
Earlier in February 2025, ACWA Power inked a memorandum of understanding with SEFE. The partnership aims to produce and deliver green hydrogen to Europe and strengthen energy cooperation between Saudi Arabia and Germany. Under this agreement, the two companies will establish a hydrogen bridge between Saudi Arabia and Germany, with an initial target of supplying 200,000 tonnes of green hydrogen annually by 2030.
