According to a cabinet declaration, China Energy will begin construction of Egypt’s $5.1 billion hydrogen project next May.
This announcement was made at a meeting that was led by Prime Minister Mostafa Madbouly and attended by China Energy’s Chairman.
China Energy and Egypt signed an agreement last November, to set up a green hydrogen production plant in Egypt. This would allow Egypt to export green ammonia to European markets.
Madbouly, for his part, expressed his appreciation to the Chinese company’s interest in investing in Egypt’s green hydrogen and water desalination sectors. He also indicated his willingness to offer the best incentives to help implement these projects.
China Energy has implemented approximately 10 projects in Egypt’s energy field since 2009 and is currently executing the 330-kilometer-long electrical interconnection line linking Egypt and Saudi Arabia.