$8 billion green hydrogen facility near the Suez Canal – pv magazine International

Egypt is taking several steps to support renewable and hydrogen projects, aiming to produce 42% of its electricity from renewable sources by 2030. Meanwhile, a team of researchers led by UCLA developed a method for predicting platinum alloys’ potency and stability; Iberdrola and bp are working on strategic collaboration, including large-scale green hydrogen production hubs in Spain, Portugal and the UK. July 29, 2022 Sergio MatalucciEgyptian authorities and Indian energy company Renew Power signed a memorandum of understanding to establish an $8 billion green hydrogen facility near the Suez Canal. The first phase of the development plan, valued at $710 million, will cover 600,000 square meters. The facility is to produce 20,000 tons of green hydrogen and 100,000 tons of green ammonia by 2025. The deal targets export markets and, marginally, the internal market. According to the…

Read more…