Close sources said that the project consists of a green ammonia unit with initial features that were agreed upon between Qatar Energy and Egypt’s Sovereign Fund on the side-lines of the Egyptian delegation’s visit to Qatar last month, and it is expected that the injection of investments will start during the coming period.
Dr Forrest said, “Egypt is on the way to becoming a global powerhouse in the green energy value chain and will be ready to show the world that at COP27.”
Government sources told DNE that those companies began preparing technical, financial, and legal studies of their projects by hiring consultants to put an integrated plan before signing framework agreements in November.
Green hydrogen production would change geopolitics of energy in the Middle East, making Egypt a regional energy hub
Trade exchange between the two countries surged by 138% in 2021
Egypt is keen to attract investment into clean energy: PM
Committee formed to examine offers, pilot project with Siemens completed
