Prime Minister Mostafa Madbouly held a meeting to discuss a proposal submitted by a major foreign company to build a green hydrogen plant in Egypt.

The meeting was attended by Mohamed Shaker, Minister of Electricity and Renewable Energy; Mohamed Salah El-Din, Minister of State for Military Production; Roberts Ludafix, CEO of the company executing the project; and Alaa Hagar, Undersecretary of the Technical Office at the Ministry of Petroleum and Mineral Resources.

The attendees discussed an offer submitted by a major foreign company to set up a giant plant to generate green hydrogen, through direct foreign investments.

The project’s capacity is set to reach 400,000 tons annually, through full reliance on solar energy with a capacity of 15 gigawatts. The station’s production of green hydrogen will be completely exported to Europe, as it is intended that the exports of this project reach one billion dollars annually, and the project will provide many job opportunities. A feasibility study for the project will start during the coming period, and a prime location has been selected for this project.

At the end of the meeting, Madbouly welcomed this project, requesting the start of feasibility studies.