Egypt and France signed a cooperation settlement on Tuesday to ascertain a plant for the manufacturing of inexperienced hydrogen.
Under the settlement, the 2 international locations will develop, finance, assemble, and function a complete facility close to Ras Shokair on the western shore of the Gulf of Suez in jap Egypt for the manufacturing of inexperienced hydrogen and its derivatives, together with inexperienced ammonia, the Egyptian Trade Ministry mentioned in a press release.
It was signed between the Red Sea Ports Authority and the New and Renewable Energy Authority in partnership with the Green Fuel Alliance, which consists of the French firm EDF Renewables and the Egyptian-Emirati firm Zero Waste.
The three phases of the undertaking will price 7 billion euros ($7.68 billions) with a complete manufacturing of 1 million tons yearly.
The cooperation settlement was inked on the sidelines of French President Emmanuel Macron’s go to to Egypt.
Macron arrived in Cairo on Sunday for a three-day go to for talks with Egyptian officers on bilateral ties and regional developments. His journey started with a tour of the Grand Egyptian Museum in western Cairo and a stroll by means of its historic streets, particularly the Khan el-Khalili bazaar.
Source: www.anews.com.tr