The shift from fossil fuels like oil and natural gas toward green hydrogen has gained momentum in recent years. This transition is a complex process, but it can potentially transform the energy sector profoundly by cutting the majority of our CO2 emissions, which are energy-related due to the burning of fossil fuels for electricity generation.

Egypt has a substantial renewable energy potential, giving Egypt a unique advantage in producing green hydrogen. By capitalising on its renewable energy resources, Egypt can produce green hydrogen at competitive costs, positioning itself as a leader in the global hydrogen economy. This supports reducing carbon emissions and contributes to economic growth in Egypt, becoming the front runner in energy supply in the region in a changing energy landscape.

Renery Group Partners is developing the first mega-scale Green Hydrogen Plant with a 15 GW capacity close to El Tor, South Sinai. This ambitious undertaking presents a unique opportunity for Egypt to emerge as a major hydrogen exporter to Europe. The Mega-Scale Hydrogen Plant will operate entirely off-grid, relying on 100% solar energy. It will maintain continuous hydrogen production 24/7, resulting in an annual output of 450,000 tons. In Egypt, it will boost the technology and labour sectors by creating thousands of (highly skilled engineering) jobs and bringing the latest top-notch hydrogen technology and world-scale renewable energy power plants.

PROJECT CHARACTERISTICS

  • Unique Location:
    • Sinai Governorate: combining sea, level terrain and mountain area
  • Green Hydrogen Production:
    • Annual Output: 450,000 tons
  • Investment Scale:
    • Financial Commitment: $15 Billion USD
    • Funding Source: Foreign Direct Investment
  • Sustainability and Independence:
    • Off-Grid Operation: Ensuring Long-Term Feasibility for 50 Years
  • Global Market:
    • Export Focus: 100% Europe
  • Continuous Operation:
    • Production Consistency: 24 hours a day, 365 days a year
  • Renewable Energy Integration:
    • Solar Power Dependency: 100%
    • Solar Capacity: 15 GW in a 100 km2 area
  • Hydro-Storage Reservoir:
    • Water Capacity: 330 million m3
    • Storage Capacity: 400 GW
  • Forward-Thinking Expansion:
    • Future Vision: Establishing a Pipeline Project for Hydrogen Transport to Europe

RENERGY GROUP PARTNERS LLC - CONSORTIUM

Ministry Of Military Production (MOMP) –
National Industrial Partner

Local Sponsor – Project Founder –
Project Development

Project Funder – Project Development

ADVISORY BOARD

The hydrogen advisory board of Renergy Group Partners comprises esteemed members from the academia, business, and finance sectors, alongside the esteemed presence of His Excellency Minister General Mohamed Salah.

CEO And Founder Of Green Tech Egypt & Renergy Group Partners

Mr Robert Valk

Chief Executive Officer, Middle East & North Africa And Co-Head Of Alternative Investments At PineBridge Investments. Managing Director At Bahrain Mumtalakat Holding Company

Mr Talal Ali Al Zain

PRIME MINISTER APPROVAL

On August 8th, 2023, we secured a personal commitment from His Excellency Prime Minister Dr Mostafa Madbouly. Prime Minister Dr Madbouly subsequently chaired a meeting to review Renergy Group Partners’ proposal for a mega-scale green hydrogen plant in Egypt. Key figures such as Dr Mohamed Shaker, Minister of Electricity and Renewable Energy, and Mr Robert Valk, CEO of Renergy Group Partners, were in attendance. The project, anticipated to generate substantial economic benefits and job opportunities, earned the Prime Minister’s endorsement.