Egypt allocates areas for green hydrogen production in Suez Canal Economic Zone – PM

Egypt has allocated areas for green hydrogen production in the Suez Canal Economic Zone (SCZone), according to statements by Prime Minister Moustafa Madbouly on Sunday.

The Egyptian prime minister made his remarks during his meeting with European Commission executive vice-president Frans Timmermans. The two officials discussed means of boosting cooperation between Egypt and EU in the field of the green energy.

Egyptian Environment Minister Yasmine Fouad also attended the meeting.

Madbouly said Egypt is keen on bolstering its partnership with the EU, mainly in the energy sector in lines with President Abdel Fattah al-Sisi’s directives.

Egypt is working on developing its energy strategy to include green hydrogen as a fuel source, he added.

He also welcomed the EU’s decision to earmark a €100 million grant ($109 million) to support Egypt’s food security.

For his side, Timmermans said the consequences of the Ukrainian crisis pushed the EU countries to expedite their transition to renewable energy and diversify the sources of the green energy.

Timmermans is currently in a visit to Cairo to hold climate meetings with Egyptian officials ahead of the upcoming UN Climate Change Conference (COP27) which will be hosted by Egypt’s Red Sea resort city of Sharm El-Sheikh this November.

In a meeting with Egypt’s FM Sameh Shoukry on Sunday, Timmermans agreed with the top diplomat and president designate of COP27 to reinforce cooperation on LNG gas and green hydrogen supplies between Europe, Africa and the Gulf.

In a joint statement following the meeting between Egyptian Minister of Foreign Affairs Sameh Shoukry and Timmermans, the two officials announced an agreement to develop a Mediterranean Green Hydrogen Partnership encompassing hydrogen trade between Europe, Africa, and the Gulf.

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