Soliman’s statement came on the side-lines of the Euromoney conference, where he said that renewable energy in Egypt as a field is very promising, and Egypt can seize a large market share in the industry. Additionally, there are a number of protocols that will be signed during the coming period with many developers in this sector.

Strategy predicts global hydrogen demand to be around 90 million tonnes

In an interview with Daily News Egypt on the side-lines of the UN Conference of Parties on Climate Change (COP27), Al-Mutlaq said that the project consists of two phases. The first phase will produce about 250,000 tonnes of green ammonia by 2025 — provided that the construction work will be completed within two years — in order to export its products to Europe, with the aim of doubling exports in 10 years.