Air Liquide Egypt and Hong Kong-based United Energy Group (UEG) have signed a memorandum of understanding (MoU) to collaborate on green ammonia production using green hydrogen according to the Egyptian Gazette.
Leveraging 23 years of experience in Egypt, Air Liquide Egypt will supply nitrogen to UEG while serving a diverse industrial customer base. The agreement aligns with Egypt’s ongoing efforts to position itself as a regional leader in renewable energy and green hydrogen development.
Egypt has been actively pursuing green hydrogen initiatives, having signed over 30 MoUs worth approximately $175 billion. Recent developments underscore the nation’s accelerating momentum in the sector.
Earlier this month, the Egyptian government signed a $7 billion cooperation agreement with French utility EDF and UAE-based Zero Waste for a green hydrogen project near the Gulf of Suez, aiming to produce up to 1 million tonnes of green ammonia annually.
Additionally, a larger project in South Sinai, with a potential investment of $17 billion, is in the pipeline. This initiative could yield up to 400,000 tonnes of green hydrogen per year, with plans to export the output to Europe via the Suez Canal.
In November 2023, Egypt’s General Authority for Investment and Free Zones backed a $1.6 billion project led by Hynfra to develop a facility capable of producing 400,000 tonnes of green ammonia annually, with exports expected to commence by 2030.
Egypt currently produces grey hydrogen for its fertilizer and petrochemical industries, which could gradually transition to green hydrogen and ammonia. Furthermore, as a major steel producer, Egypt is well-positioned to explore green steel production using green hydrogen once supply chains are established.
Meanwhile, high-pressure gas storage solutions provider Noble Gas Systems has secured $4.2 million to advance testing, commercialize its latest gas storage vessels, and develop a pilot manufacturing plant. The Series B funding round was led by AP Ventures, with participation from Air Liquide Venture Capital, among other investors.