Skip to main content

Egypt enlists Australian company to help develop green hydrogen project

Green hydrogen is receiving more attention in Egypt ahead of the upcoming UN climate change conference in Sharm el-Sheikh.
A general view of the Fortescue Metals Group building on February 1, 2021, in Perth, Australia.

Egyptian President Abdel Fattah al-Sisi met with an Australian green energy company recently to discuss a green hydrogen project. 

Fortescue Future Industries discussed a potential 9.2-gigawatt green hydrogen project in Egypt with Sisi during the meeting, the company said in a statement Saturday. 

Last month, Fortescue signed a Memorandum of Understanding with Egypt on exploring green hydrogen opportunities.

What is green hydrogen? Hydrogen that is separated from water can be used as an energy source. When this separation process is carried out via renewable energy, such as wind or solar power, it is referred to as green hydrogen. 

Green hydrogen emits less carbon than traditional fuel sources. However, it also requires substantial energy and funds to create, according to the Spanish renewable energy company Iberdrola

Why it matters: Egypt is investing more in green technology and renewable energy ahead of the United Nations Climate Change Conference (COP27), which will take place in Sharm el-Sheikh in November. These investments include funding for green hydrogen projects. 

Most recently, a Saudi company agreed last month to build a green hydrogen facility in Egypt. 

Join hundreds of Middle East professionals with Al-Monitor PRO.

Business and policy professionals use PRO to monitor the regional economy and improve their reports, memos and presentations. Try it for free and cancel anytime.

Already a Member? Sign in

Free

The Middle East's Best Newsletters

Join over 50,000 readers who access our journalists dedicated newsletters, covering the top political, security, business and tech issues across the region each week.
Delivered straight to your inbox.

Free

What's included:
Our Expertise

Free newsletters available:

  • The Takeaway & Week in Review
  • Middle East Minute (AM)
  • Daily Briefing (PM)
  • Business & Tech Briefing
  • Security Briefing
  • Gulf Briefing
  • Israel Briefing
  • Palestine Briefing
  • Turkey Briefing
  • Iraq Briefing
Expert

Premium Membership

Join the Middle East's most notable experts for premium memos, trend reports, live video Q&A, and intimate in-person events, each detailing exclusive insights on business and geopolitical trends shaping the region.

$25.00 / month
billed annually

Become Member Start with 1-week free trial
What's included:
Our Expertise AI-driven

Memos - premium analytical writing: actionable insights on markets and geopolitics.

Live Video Q&A - Hear from our top journalists and regional experts.

Special Events - Intimate in-person events with business & political VIPs.

Trend Reports - Deep dive analysis on market updates.

Text Alerts - Be the first to get breaking news, exclusives, and PRO content.

All premium Industry Newsletters - Monitor the Middle East's most important industries. Prioritize your target industries for weekly review:

  • Capital Markets & Private Equity
  • Venture Capital & Startups
  • Green Energy
  • Supply Chain
  • Sustainable Development
  • Leading Edge Technology
  • Oil & Gas
  • Real Estate & Construction
  • Banking

We also offer team plans. Please send an email to pro.support@al-monitor.com and we'll onboard your team.

Already a Member? Sign in

Start your PRO membership today.

Join the Middle East's top business and policy professionals to access exclusive PRO insights today.

Join Al-Monitor PRO Start with 1-week free trial