Masdar-led consortium signs deal to develop Suez Canal green hydrogen project

SHARM EL-SHEIKH, Egypt, Nov 16 (Reuters) – UAE renewable energy firm Masdar and its partners said on Wednesday they had signed a framework agreement with Egyptian state-backed organisations to develop a 2 gigawatt (GW) green hydrogen production project in the Suez Canal Economic Zone (SCZONE).The consortium, which includes Infinity Power and Hassan Allam Utilities, had signed two memorandums of understanding in April with Egyptian entities to develop two green hydrogen production plants in Egypt, one in the SCZONE and the other on the Mediterranean.The agreement was signed on the sidelines of the COP27 climate conference in Egypt.”Today’s announcement serves to strengthen the ties between the UAE and Egypt and highlights our two nations’ commitment to delivering zero-carbon energy solutions,” Sultan al-Jaber, the UAE’s industry minister and special climate envoy, said in a…

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