China may pour up to USD 13 bn in Egypt’s green hydrogen sector: China International Energy Group is exploring the possibility of establishing a USD 5-8 bn green hydrogen production plant in Egypt, according to a statement released on Saturday. The project’s timeline and targeted production volume were not made public.

Another Chinese-Egyptian green fuels facility in the offing? China Energy CEO Yee Jianming said his company could begin working on another planned USD 5.1 bn green hydrogen facility in Egypt as early as May this year, according to a separate cabinet statement. A delegation from the Chinese firm will visit Egypt next month to iron out the project’s details, the statement notes. The production capacity of the green hydrogen plant was not disclosed.

REMEMBER- China Energy was among several players to sign MoUs last year to conduct feasibility studies on new projects to produce green hydrogen and its derivatives. Those include framework agreements worth c. USD 83 bn for nine green hydrogen and ammonia plants at COP27.