Emirates News Agency – ‘Masdar’ leads consortium to implement green hydrogen program in Egypt with 4 GW production capacity
Wednesday, November 16, 2022 – 3:53 p.m
• The companies “Masdar”, “Hassan Allam Utilities” and “Infinity Power” sign a framework agreement with Egyptian government agencies to develop a green hydrogen project and plants to manufacture its derivatives.
• The first plant is scheduled to be operational by 2026 and the consortium aims to produce up to 480,000 tons of green hydrogen annually by 2030 through electrolysers with a capacity of 4 GW
• The agreement increases the UAE’s contribution in support of Egypt’s clean energy goals.
ABU DHABI, 16th November, 2020 (WAM) — The Abu Dhabi Future Energy Company “Masdar”, its consortium of partners “Infinity Power Holdings” and “Hassan Allam Utilities” announced the signing of a framework agreement with government agencies in the Arab Republic of Egypt to develop a 2 gigawatt capacity green hydrogen project within the Suez Canal Economic Zone as the first phase of the program to produce 4 gigawatts of this vital resource.
The Masdar-led consortium last April signed two memoranda of understanding with the Egyptian authorities concerned to collaborate on the development of two green hydrogen production plants, one in the Suez Canal economic zone and the other on the Mediterranean coast. The consortium aims to produce up to 480,000 tons of green hydrogen annually by 2030 using electrolysers with a capacity of 4 gigawatts.
The agreement was signed in the presence of His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and High Technology, UAE Special Envoy for Climate Change and Chairman of Masdar; His Excellency Dr. Mohamed Shaker Al-Marqabi, Minister of Electricity and Renewable Energy of the Arab Republic of Egypt; Your Excellency Dr. Hala El-Said, Minister of Planning and Economic Development and Chair of the Board of Directors of the Sovereign Fund of Egypt; His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Her Excellency Maryam Khalifa Al-Kaabi, Ambassador of the United Arab Emirates to the Arab Republic of Egypt, on the sidelines of the twenty-seventh session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27).
The agreement was signed by Mohamed Abdel Qader Al Ramahi, Director of Asset Management, Technical Services and Green Hydrogen at Masdar, Amr Allam, CEO of Hassan Allam Holding Company, and Mohamed Mansour, Chairman of the Board of Directors of Infinity Power The signing ceremony was attended by CEOs of several Egyptian government institutions.
On this occasion, His Excellency Dr. Sultan bin Ahmed Al Jaber: “In line with the wise leadership’s vision to promote sustainable development projects, today’s agreement will help strengthen cooperation in the field of clean energy between the United Arab Emirates and the sister Arab Republic of Egypt, and also reflects their commitment to provide advanced empty energy solutions. The strengthening of the partnership between the two parties under the 4 GW green hydrogen program follows Masdar’s announcement of a 10 GW wind power project in Egypt last week our partners “Hassan Allam Utilities” and “Infinity Power” Egypt’s targets for reducing CO2 emissions.
He added: “The COP27 conference provided an excellent opportunity to share experiences and ideas and to discuss a range of initiatives and projects, and we will continue to develop these visions during next year’s hosting of the COP28 conference in the United Arab Emirates and build on.”
Mohammed Jamil Al-Ramahi, CEO of Masdar, stressed the importance of signing this agreement, which paves the way to move forward with the completion of this huge joint project that would strengthen the independence of the energy sector in Egypt and produce high-quality green hydrogen derivatives, which are used for Export purposes are intended, such as ammonia green. Al Ramahi noted that with production of the first green hydrogen molecule to start by 2026, it is imperative that we maintain the same momentum to ensure the timely completion of this landmark project.
For his part, Mohamed Ismail Mansour, Chief Executive Officer of Infinity Power, said: “Infinity Power is honored to announce the launch of its first green hydrogen production project through our alliance with Emirati Masdar and Hassan Allam Utilities Company. This project aims to help support economic growth in Egypt and strengthen the country’s position as a key regional hub for green fuels, which will spur Egypt’s efforts to transition to a green economy. We look forward to participating in many similar projects in the future.”
Amr Allam, CEO of Hassan Allam Holding Company said, “Such strategic partnerships between Hassan Allam Utilities, Masdar and Infinity Power offer more opportunities that support Egypt’s transition to a green economy and promote sustainable development across the country.” He added : “We are proud to contribute to the development of green hydrogen production facilities in Egypt to make the most of the country’s abundant natural resources.”
For his part, Ing. Nair Fouad, CEO of Infinity Power, said: “Infinity Power is constantly expanding its portfolio of services and solutions in all forms and methods for the production of clean and renewable energy, and for this reason the green hydrogen production project is a crucial one Step in our efforts to establish a number of such projects in the future as part of our vision to make Africa a green and environmentally friendly continent.
According to the agreement, the consortium will enter into a binding framework agreement with the Suez Canal Economic Zone, the Egyptian New and Renewable Energy Authority, the Egyptian Electricity Transmission Company and the Egyptian Sovereign Fund, in which the agreement sets out the key terms of the green hydrogen development program with Focus on the first phase of the program.
In the first phase of the project, the consortium plans to build a hydrogen production facility in the Suez Canal Economic Zone, which is expected to be operational by 2026. Electrolyser production facilities are being expanded in the Suez Canal economic zone and on the Mediterranean coast to provide a production capacity that could reach 4 gigawatts by 2030 to produce 2.3 million tons of green ammonia for export, in addition to supplying green hydrogen to the local one Industry.
The Republic of Egypt has abundant resources of solar energy and wind energy that would provide a suitable ground for renewable energy projects at competitive costs, factors that mainly contribute to the production of green hydrogen.
Masdar, Infinity Power and Hassan Allam Utilities announced last week that they have signed an agreement to develop a 10 GW onshore wind power project in Egypt, which is one of the largest wind power projects in the world. The station will help avoid the release of 23.8 million tons of emissions annually, accounting for 9% of Egypt’s total carbon emissions.
Egypt aims to make renewable energy sources 42 percent in the energy mix by 2035, while Egyptian authorities are working to review the country’s renewable energy strategy to include green hydrogen.
According to a report published by Masdar and platform Abu Dhabi Sustainability Week on the sidelines of the conference (COP27) last week, Africa is entitled to acquire 10% of the global green hydrogen market, which will contribute to the provision of 3 .7 million contributes jobs and contributes up to $120 billion to gross domestic product.
Masdar operates in more than 40 countries around the world and invests in a portfolio of renewable energy projects with a total value of more than $20 billion and a total capacity of more than 15 gigawatts. A strategic agreement was announced last December between ADNOC, Taqa and Mubadala whereby each of them will own a stake in Masdar with the aim of developing a global renewable energy investment portfolio as the company looks forward to strengthening Contributing to the UAE’s leadership in the field of renewable energy, green hydrogen field and accelerating its efforts to achieve carbon neutrality by 2050.
Zakaria Mohieldin / Ahmed Al Nuaimi
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