Egypt & Norway Sign Agreement for Green Hydrogen Production

Giving More to Your Wealth
03 Apr 2022

The Egyptian Cabinet has announced that Egypt and Norway have officially signed the formal agreement for the construction and operation of a 100MW green hydrogen production facility in the SCZone (Suez Canal Economic Zone). The project will cost around USD5bn, and will have an initial production capacity of 1mn tons/year, which can be expanded to 3mn tons/year in the future. Production is expected to commence in 2025, and will mainly be exporting green ammonia to Europe and Asia. The agreement was formally signed between the SFE (Sovereign Fund of Egypt), the Norwegian company Scatec, Egypt’s Orascom Construction, and the UAE’s Fertiglobe, and the signing ceremony was attended by the Egyptian Prime Minister. (Source: State Information Service, al-Ahram (English), Egypt Today (English), ABC News (English), Xinhua (English), Arab News (English), Amwal al-Ghad, al-Youm al-Saabe, al-Shurouk, al-Dustour, Akhbar al-Youm, Masrawy, al-Arabiy

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