Egyptian president Abdel Fattah El-Sisi has met with Fortescue Future Industries (FFI) to discuss the development of green energy projects in the region.
FFI has agreed to conduct studies into the development of green hydrogen in Egypt, with this meeting focusing on the potential development of a 9.2GW green hydrogen project.
Executive chairman of FFI, Dr Andrew Forrest, said in a statement: “Egypt is on the way to becoming a global powerhouse in the green energy value chain and will be ready to show the world that at COP27.
“Egypt’s excellent wind and solar resources can generate the renewable energy required to produce large scale green electricity, green hydrogen and green ammonia.”
The presidential spokesperson said, “the meeting tackled collaboration between Fortescue Future Industries and Egypt’s electricity and renewable energy sector in the fields of green hydrogen production and green ammonia with a 9.2GW installed capacity from renewable energy, as well as the localisation of electricity production from solar and wind resources such as solar panels and wind turbines.”
FFI is a subsidiary of global green energy and resources company Fortescue Metals Group and is committed to producing carbon-free green hydrogen.