The Egyptian government has already given permission to several major energy companies to produce green hydrogen and its derivatives in Egypt. These companies are expected to invest as much as $10 billion in the Suez Canal Economy Zone by 2030.

Egypt wants to become the main hub for the production of green hydrogen and its derivatives in Africa. And the very strong political will displayed in Cairo is already bearing fruit. The enthusiasm of international investors for this North African country is proof enough. In just a few months, the government of the land of the Pharaohs has already signed agreements for investments of 10 billion dollars.

This is a major step forward at a time when hydrogen is presented as one of the main solutions for decarbonisation in several sectors of the world economy. Among the companies currently positioning themselves on the Egyptian market is the Norwegian company Scatec, which has joined forces with Orascom Construction and Fertiglobe. For its part, the Emirati energy company Amea Power wants to develop a green hydrogen project in the Suez Canal economic zone in two phases. The first phase concerns a capacity of 240,000 tonnes of green hydrogen per year by 2026 and 390,000 tonnes per year in the second phase.

Diversification of partnerships These investors were soon joined by EDF Renouvelables, the subsidiary of the Électricité de France (EDF) group, which wants to produce 350,000 tonnes of hydrogen and green ammonia per year in the coming years. Its compatriot Total Eren, the subsidiary of the TotalEnergies group, has also obtained the approval of the General Authority of the Suez Canal Economic Zone (SCZone), the Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) for a hydrogen and green ammonia project in the Gulf of Suez.