Egypt’s Ministries of Electricity and Petroleum and the Navy signed a cooperation agreement with the Belgian "DEME" company to start special studies for producing "green hydrogen" and exporting it from Egypt.
The agreement was signed by Gaber El Desouky, Chairman of the Egyptian Electricity Holding Company, and Alan Bernard, Chairman of the Board of Directors of "DEME".
Egypt’s Prime Minister Mostafa Madbouli, who witnessed the signing ceremony, emphasized that the signing of this agreement comes within the framework of the implementation of the state’s strategy that aims to expand in the areas of clean and green energy and increase the share of renewable energy in the electric energy mix.
For his part, Minister of Electricity Mohamed Shaker indicated the interest that the electricity and renewable energy sector attach to diversifying the sources of electric energy production and making use of Egypt’s natural resources, especially new and renewable energy sources, which include the production, use, and export of "green hydrogen" in line with the global trend in this field.
Shaker added that the signing of this agreement heralds the start of studies to implement a pilot project for the production of "green hydrogen" in Egypt, as a step towards expansion in this field to reach the possibility of export, in connection with the global trend to reduce carbon emissions and mitigate the effects of climate change. The European Union’s strategy to reduce carbon dioxide emissions known as the "Green Agreement" during the period 2035-2050.