The Investment Opportunities Platform of the General Authority for Investment and Free Zones (GAFI) announced an investment opportunity for what it described as the world’s largest green-hydrogen production plant. The proposed South Sinai project, developed with the Ministry of Military Production, has a stated investment value of $17 billion, covers 127 square kilometres and aims to produce up to 400,000 tons of green hydrogen each year. Its three phases were scheduled for completion in 2030, 2033 and 2035.
Government and media coverage
- GAFI Investment Opportunities Platform published the investment opportunity.
- Hydrogen Insight, the hydrogen-news website powered by Recharge and described as the energy industry’s leading source for hydrogen news and analysis, reported: “Egypt plans $17bn green hydrogen project, powered by 3.1GW of round-the-clock renewables: reports.”
- Egypt’s Ministry of Investment and Foreign Trade posted about the Minister’s meeting with the founder and CEO of Renergy Group Partners to review the Sinai project.
- ChemAnalyst, which provides real-time price trends and market information for more than 500 commodities and finished products, published “Egypt Unveils Ambitious $17 Billion Green Hydrogen Mega-Project in South Sinai.”
- H2 View, a British publication intended to keep readers at the forefront of hydrogen-energy markets and technologies, published “Egypt unveils $17bn plan for 400,000 tpa green hydrogen plant.”
- Fuel Cells Works, described as the world’s leading hydrogen- and fuel-cell industry platform for more than 25 years, published “Egypt Plans to Build World’s Largest Green Hydrogen Plant.”
- Global Flow Control, a Dutch multi-dimensional virtual marketplace, published “Egypt Unveils $17 Billion Plan for 400,000 TPA Green Hydrogen Plant.”
- Green Building Africa, described as a go-to publication for the latest news on Africa’s renewable-energy, infrastructure and built-environment sectors, published “3.1 GW Solar to Hydrogen Project pitched in Egypt.”
- Enerdata, an independent French research company founded in 1991 that analyses and forecasts energy and climate issues across geographic, business and sector levels, published “Egypt plans to build a 400 kt/year green hydrogen plant powered by solar and hydro.”
- ZAWYA, an Emirati platform providing business and finance news from a Middle Eastern perspective, published “Egypt: El-Khatib discusses latest development of 3.1-GW green hydrogen project in Sinai.”
- Enterprise, an Egyptian daily covering market-moving news and trends, published “Egypt pitches mega green hydrogen project to investors.”
- Egypt Oil & Gas, described in the source as Egypt’s only company providing oil-and-gas information, published “Investment Minister Reviews Green Hydrogen Project in Sinai with Alvarez & Marsal Consulting.”
Coverage continued internationally. The source describes the South Sinai development as the world’s largest project of its kind, with a $17 billion cost, a 127-square-kilometre site, 3.1 gigawatts of capacity and planned production of up to 400,000 tons of green hydrogen per year.