In what is set to be another milestone in Egypt’s overall hydrogen production scope, Egypt and France $7.68 Billion Hydrogen Facility agreement that was signed will enable the countries to partner in the development, financing, and operation of a green hydrogen production facility. This information was revealed by the Transportation Ministry of Egypt.
This major agreement was signed at the event of French President Emmanuel Macron’ visit to the North African country.
Also read: Egypt to get USD1 Billion green hydrogen plant
Egypt and France $7.68 Billion Hydrogen Facility Project Factsheet
Location:
- Ras Shukeir, on Egypt’s Red Sea coast.
Cost:
- €7 billion (approximately $7.68 billion USD).
Implementing companies/developers:
- A cooperation agreement between the Red Sea Ports Authority and the New and Renewable Energy Authority (NREA), in partnership with the Green Fuel Alliance. The Green Fuel Alliance consists of:
- EDF Renewables (French company)
- Zero Waste (Egyptian-Emirati company)
Financing:
- Fully financed by the private sector consortium (EDF Renewables and Zero Waste). Furthermore, there are no financial obligations or infrastructure requirements from the Egyptian government.
Agreement signing:
- The agreement was signed on Tuesday, April 8, 2025, during the visit of French President Emmanuel Macron to Egypt.
Capacity:
- 1 million tons of green ammonia annually upon completion of all three phases.
Phased development:
- Phase 1 (Targeting 2029): Production of 300,000 tons of green ammonia per year, with a direct investment of €2 billion.
- Total investment (all three phases): €7 billion.
Significance:
- Position Egypt as a regional and global hub for green hydrogen and clean fuels.
- Provide clean fuel for ships passing through the Suez Canal (green bunkering).
- Export green ammonia to global markets.
- Promote the localization of green energy manufacturing industries in Egypt (electrolyzers, solar panels, wind turbines).
- Create significant job opportunities during the construction and operational phases, aiming for 95% local workforce participation in direct roles.
- Lastly, it will generate revenue for the Egyptian government through land-use fees, licensing, export fees, service charges, and taxes (in foreign currency).
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Details of the Agreement
According to the agreement, the two countries will develop, finance, construct, and conduct the operations of a comprehensive facility that is located near Ras Shokair on the western shore of the Gulf of Suez in eastern Egypt for the production of green hydrogen and its derivatives. This is inclusive of green ammonia. This was reported by Anadolu Agency (AA) reported the information while citing the statement by Egyptian Ministry of Trade.
This agreement was signed between the Red Sea Ports Authority and the New and Renewable Energy Authority. Furthermore it was in partnership with the Green Fuel Alliance, which also includes the French giant company EDF Renewables and the Egyptian-Emirati company Zero Waste.
Also read: $1.65 Billion Egypt’s Xinfeng Integrated Metallurgical Complex Agreement Signed
Capacity of the Project
As for its capacity, it will have a total production capacity of 1 million tons annually. Additionally, the three phases of the ambitious project will cost a whooping 7 billion euros ($7.68 billion).
Macron arrived in Cairo on Sunday for a three-day visit. The visit was intended for discussions with Egyptian officials on bilateral ties and regional developments. Also, his trip in Egypt began with a tour of the Grand Egyptian Museum in western Cairo and a walk through its historic streets, especially the Khan el-Khalili Bazaar.
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