News & Views
- Masdar says memorandums of understanding relate to facilities earmarked for the Mediterranean coast and Suez Canal Economic Zone.
- Projects in Egypt are aiming for an electrolyzer capacity of 4 gigawatts by the year 2030.
- Hydrogen has a diverse range of applications and can be deployed in sectors such as industry and transport.
The UAE’s Masdar and Egypt’s Hassan Allam Utilities have signed agreements with state-backed Egyptian organizations that will see the parties work together on the development of large-scale green hydrogen projects.
In an announcement Sunday, Masdar — which is owned by Abu Dhabi state fund Mubadala — said the two agreements related to facilities earmarked for the Mediterranean coast and Suez Canal Economic Zone.
The projects in Egypt are aiming for an electrolyzer capacity of 4 gigawatts by the year 2030, with production of as much as 480,000 tons of green hydrogen annually.
Source: CNBC
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