UAE’s Masdar signs deal for green hydrogen projects in Egypt, targets exports to Europe

by | Apr 26, 2022 | Uncategorized | 0 comments

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.

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