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An electrolyzer with 4 gigawatts (GW) capacity to be used for green hydrogen production by Masdar.

Green Hydrogen

UAE’s Masdar signs deal to set-up 4 GW green hydrogen plants in Egypt

Masdar and Hassan Allam Utilities are targeting to produce an output of up to 480,000 tons of green hydrogen in Egypt per year by 2030.

UAE-government owned renewable energy company, Masdar, and Hassan Allam Utilities, have signed two Memoranda of Understanding (MoUs) with Egypt’s Suez Canal Economic Zone, New and Renewable Energy Authority, the Egyptian Electricity Transmission Company, and The Sovereign Fund of Egypt for the development of green hydrogen production plants in the Suez Canal Economic Zone, and on the Mediterranean coast.  

The MoUs were signed in the presence of Egypt’s Prime Minister, Mostafa Kamal Madbouly, UAE’s Minister of Industry and Advanced Technology, Dr Sultan bin Ahmed Al Jaber, and Dr Mohamed Shaker El-Markabi, Minister of Electricity and Renewable Energy for Egypt.

Masdar and Hassan Allam Utilities will collaborate to develop the green hydrogen production plants, with the two parties targeting an electrolyzer capacity of 4 gigawatts (GW) by 2030, and output of up to 480,000 tons of green hydrogen per year.

“These agreements represent a vital step forward in the development of the green hydrogen economy for both the UAE and Egypt, and will play a significant role in our two nations’ decarbonization efforts,” said Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar. 

“By working with partners such as Hassan Allam Utilities, we can help the green hydrogen market achieve its full potential over the coming years and play its part in supporting the global energy transition,” Al Ramahi added.

Egypt is also located within close proximity to Europe, a market where demand for green hydrogen is expected to grow the most, providing robust opportunities for export. Masdar and Hassan Allam Utilities are targeting the bunkering market, export to Europe, and boosting local industry.  

“In the first phase of the project, Hassan Allam Utilities and Masdar aim to establish a green hydrogen manufacturing facility, which would be operational by 2026, producing 100,000 tonnes of e-methanol annually for bunkering in the Suez Canal,” said Amr Allam, Chief Executive Officer of Hassan Allam Holding. 

“The electrolyser facilities in the Suez Canal Economic Zone and on the Mediterranean could be extended to up to 4 GW by 2030 to produce 2.3 million tonnes of green ammonia for export as well as supply green hydrogen for local industries,” Allam added.

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