China Energy to Construct $5.1bn Hydrogen Plant in Egypt
China Energy is set to commence the construction of Egypt's $5.1 billion hydrogen project in May next year, Egyptian prime minister Mostafa Madbouly announced on Thursday.
China Energy chairman Song Hailiang also attended the meeting of the Egyptian Cabinet.
The decision comes after China Energy and Egypt signed a deal in November to establish a plant for green hydrogen production in Egypt, which would enable the country to export green ammonia to European markets and target its shortage of foreign exchange, SolarQuarter reported.
China Energy has revealed plans to develop the project in two stages. The first phase will include a solar park and wind farm, along with a facility for electrolyzing water and synthesizing ammonia. Upon completion of both phases, the project will have a capacity of producing 140,000 tons of green hydrogen annually.
Since 2009, China Energy, a state-owned enterprise based in Beijing, has executed around 10 energy projects in Egypt and is currently implementing a 330-kilometer-long electrical interconnection line that will connect Egypt with Saudi Arabia.
