Egypt, France Sign $7.6 Billion Deal for Green Hydrogen and Ammonia Project
Egypt and France signed a 7-billion-euro ($7.64 billion) agreement on Tuesday to develop a major green hydrogen and ammonia production facility in the Red Sea town of Ras Shukeir. The deal was finalized during French President Emmanuel Macron’s visit to Egypt and is part of Cairo’s broader push to position itself as a key player in global clean energy markets.
The project will be carried out by the Green Fuel Alliance, a joint venture between France’s EDF Renewables and the Egypt-UAE firm Zero Waste. Egypt’s Red Sea Ports Authority and the New and Renewable Energy Authority are also party to the agreement.
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Egypt’s minister of industry and transport, Kamel el Wazir, called the deal “an implementation of presidential directives” to expand green hydrogen capabilities and boost Egypt’s role as a regional and global energy hub.
The facility will be developed in three stages, with production expected to begin in 2029. The initial phase will focus on producing 300,000 tons of green ammonia annually, with output eventually rising to 1 million tons per year. The total investment will be financed entirely by the private sector.
The complex will include wind and solar energy fields, production and storage infrastructure, a seawater desalination plant, and a dedicated export terminal. It is expected to create thousands of jobs, with a commitment to training Egyptian workers in new green technologies.
The project is designed to support Egypt’s climate goals, enable green shipping through the Suez Canal, and encourage domestic manufacturing of clean energy components.