Egypt aims to invest in green hydrogen
Egypt struggles to mobilise green hydrogen investment
Developers outline provisional plans to invest in multiple projects, but progress to FID remains elusive
Egypt celebrated the signing of a clutch of memorandums of understanding (MOUs) in late February with international and local investors to establish green hydrogen production plants along the banks of the Nile. The MOUs represent a total potential investment of $41b. Separately, the government let it be known that a European steelmaking giant is honing a proposal to develop a $4bn green steel complex in the North African state. However, with some 30 similarly provisional agreements now signed since the government launched its drive into the sector around the turn of the decade, the failure of any significant schemes to progress to FID is striking, as project developers struggle with demand a
Also in this section
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
27 March 2025
Region has all the ingredients to become a green hydrogen powerhouse but faces plenty of barriers and stiff competition
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
21 March 2025
The country is engaging with potential investors from North America and China as it refines its auction process to reflect shifting dynamics in green hydrogen, Hydrom’s managing director tells Hydrogen Economist
