Germany’s Thyssenkrupp is putting the final touches on memorandum of understanding (MoU) to build a green hydrogen production plant in Egypt, regional chief executive Andreas Beckers said on Monday.
The German conglomerate offered in late 2021 to build a plant in Egypt for green hydrogen and green ammonia production and to export them to Germany.
Beckers told reporters that Thyssenkrupp is working to sign the MoU with the Egyptian ministry of electricity very soon.
Green hydrogen is a zero-carbon fuel made by electrolysis through using renewable power from wind and solar to split water into hydrogen and oxygen without burning fossils. Egypt is considering using green hydrogen as a cleaner energy source to integrate into its energy mix by 2035.
