Egypt and ReNew Power, Gurugram, India, have signed a Memorandum of Understanding (MOU) to establish green hydrogen factory in the Suez Canal Economic Zone with an expected $8 billion investment that would include green hydrogen and ammonia production, according to Bloomberg, citing the Egyptian Cabinet.
The first, experimental phase would produce 20,000 mt/y of green hydrogen with a 150 MW electrolyzer and 570 MW of renewable energy, with the production of 100,000 mt/y of green ammonia.
The MOU includes expanding hydrogen to 200,000 mt/y with a 1.5 gigawatt electrolyzer and 5.68 gigawatts of renewable energy, with the production of 1 million mt/y of green ammonia.
Egypt plans to eventually raise total green hydrogen capacity to 220,000 mt/y.