Ain Sokhna Port in Egypt
Europe backs Egypt’s green ambitions
European offtakers and strategic investors start to unlock North African country’s vast potential as a green hydrogen and ammonia supplier
Egypt’s fledgling green hydrogen industry has received a major boost in the form of offtake commitments for the first two production projects among a range of schemes that have been outlined over the past five years. In a further boost, the North African nation received another vote of investor confidence in its prospects as a hydrogen hub as BP joined the Abu Dhabi-backed consortium behind another of the schemes. Cairo has signed numerous non-binding pacts with aspirant international green hydrogen developers in the roughly five years since embracing the nascent sector as a potential driver of long-term economic growth and diversification, envisaging combined investment of more than $50b. F
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