Renewable Energy Egypt and France sign $7bn green hydrogen deal By Pramod Kumar April 8, 2025, 5:06 PM Pool via Reuters/Ludovic Marin President Emmanuel Macron delivers a speech during his state visit to Egypt Egypt and France will jointly develop, finance and operate a €7 billion ($7.7 billion) green hydrogen facility at Ras Shokair on Egypt’s Gulf of Suez coast. Egypt’s state-run Red Sea Ports Authority and the New & Renewable Energy Authority will partner with Green Fuel Alliance, which comprises France’s EDF Renewables and Egyptian-Emirati company Zero Waste, Ahram Online news daily reported. The project was signed this week during French president Emmanuel Macron’s visit to Egypt. Egypt’s industry and transport minister Kamel El-Wazir said the project aims to produce 1 million tonnes of green ammonia annually in three phases, starting in 2029, to support the government’s aim of providing clean fuel for ship fuelling and global exports. There will be no government funding for the project, he said. The alliance of EDF Renewables and Zero Waste will inject direct investments of €2 billion to finance the first phase of the project, which will produce 300,000 tonnes of green ammonia annually. Acwa Power targets green hydrogen link to Europe Green hydrogen project in Oman expects $8bn investment Gulf companies win slice of $32bn Morocco hydrogen projects The group of companies has prepared a preliminary feasibility study to determine the basic requirements for the project. A total of 368 square kilometres of land has been allocated for the project’s three phases at Ras Shokair, which is about 125km north of the town of Hurghada. In addition, 1.2 million square metres has been allocated for the construction of the facility and an electricity transmission route. El-Wazir said the project company will also establish a seawater desalination plant to provide water for all phases. The hydrogen rainbow Green hydrogen is produced on a carbon-neutral basis through water electrolysis. Turquoise hydrogen is created when natural gas is broken down into hydrogen and solid carbon with the help of methane pyrolysis. Blue hydrogen is generated from the steam reduction of natural gas. Grey hydrogen is obtained by steam reforming fossil fuels such as natural gas or coal. Sometimes other colours are ascribed to hydrogen, based on how it is produced. For red, pink and violet hydrogen, the electrolysers are driven by nuclear power. Yellow hydrogen is hydrogen produced from a mixture of renewable energies and fossil fuels. White hydrogen is a waste product of other chemical processes, while the use of coal as a fuel produces brown hydrogen. The hydrogen rainbow Green hydrogen is produced on a carbon-neutral basis through water electrolysis. Turquoise hydrogen is created when natural gas is broken down into hydrogen and solid carbon with the help of methane pyrolysis. Blue hydrogen is generated from the steam reduction of natural gas. Grey hydrogen is obtained by steam reforming fossil fuels such as natural gas or coal. Sometimes other colours are ascribed to hydrogen, based on how it is produced. For red, pink and violet hydrogen, the electrolysers are driven by nuclear power. Yellow hydrogen is hydrogen produced from a mixture of renewable energies and fossil fuels. White hydrogen is a waste product of other chemical processes, while the use of coal as a fuel produces brown hydrogen. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
