Thursday July 18th, 2024
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Saudi Company to Develop USD 4 Billion Green Hydrogen Project in Egypt

Egypt signed a USD 4 billion deal with Saudi Arabia's Acwa Power company to develop a new green hydrogen project.

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Saudi Company to Develop USD 4 Billion Green Hydrogen Project in Egypt

Egypt and Saudi Arabia's Acwa Power company have sealed a USD 4 billion deal to collaborate on a new green hydrogen project, as announced by the Egyptian cabinet. 

With the agreement in place, both parties will proceed to outline a comprehensive work plan for the initial phase of the green hydrogen project, which aims to achieve a production capacity of up to 600,000 tonnes of green ammonia annually.

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