Fortescue Future Industries plans to start producing green hydrogen in Egypt in early 2027

Fortescue Future Industries (FFI) plans to start production in the green hydrogen project scheduled to be launched in Egypt in 2027, and complete all stages by 2030.

Moataz Kandil, FFI President Middle East North Africa, revealed that the company is discussing with the General Authority for the Suez Canal Economic Zone (SCZone) allocating exclusive lands for the project to be launched in Egypt in the field of green hydrogen.

Kandil added in an interview with Daily News Egypt that the project includes the establishment of renewable energy stations with a capacity of 7,600 megawatts to produce about 330 kilotons annually of green hydrogen after the completion of all stages of the project.

He added that the company will work with the Egyptian government on the green hydrogen project, which emphasises the value and impact of the project as a source of direct foreign investment; however, the idea of bringing in a new partner is not completely unlikely. He also explained that the Egyptian government’s share has not been determined yet, but it will not exceed 25%.

The company signed an agreement with the Egyptian government represented by the New and Renewable Energy Authority (NREA), the SCZone, the Egyptian Electricity Transmission Company (EETC), and the Sovereign Fund of Egypt for Investment and Development, to study and develop a huge project for the production of green hydrogen and renewable energy in Egypt.