Belgian consortium to build center for green hydrogen production & storage in Egypt

A consortium of Belgian companies revealed Monday on the sideline of the ongoing COP27 plans to set up a center for the production and storage of green hydrogen in Egypt, meant for export to Europe.

The Belgian Alliance for Companies, made of DEME Group, Fluxys, and Antwerp Port met with Egyptian Prime Minister Mustafa Madbouli in the presence of Belgium’s Premier Alexander de Crowe, the Egyptian government said in a statement.

“During the meeting, representatives of the Belgian companies reaffirmed their interest in cooperation with the electricity and renewable energy sector in Egypt, especially in the light of Europe’s expanding interest in the production, transport and storage of green hydrogen as part of efforts to remove and reduce carbon in the air,” the statement said.

The consortium is willing to cooperate with Egypt in this field owing to the North African country’s natural assets and investment climate, the statement said, noting that the consortium already conducted a feasibility study for the project.

The project also includes a green energy segment; the generation of 700 megawatts of wind power and 800 megawatts of solar energy.
According to the initiators, the project in its first phase will avoid the climate 30,000 tons of CO2, or the equivalent of the emissions caused by 6,000 cars. Egypt is expected to benefit from the project in many ways, including the creation of many indirect jobs, namely more than 2,000 jobs under the project construction and more than 500 permanent jobs during operation.