Egyptian green hydrogen in holding position
Investors remain committed to development but are waiting on greater international market certainty
The additional delay announced in early May to the long-promised FID on Egypt’s flagship green hydrogen project at Ain Sokhna is symptomatic of the loss of domestic and international momentum behind the fledgling industry. However, in keeping with the global consensus, Cairo and its aspiring producers still believe a dramatic take-off in demand is only a matter of time—with a French government-affiliated firm recently reaffirming commitment to a multibillion-dollar scheme on the Red Sea coast in the presence of the two countries’ presidents and a giant army-led project in the South Sinai formally unveiled to investors. The estimated $500m, 100MW green hydrogen and ammonia plant planned by No
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