Egypt and India sign MoU to build a green hydrogen factory worth $8bn

Follow-ups -eshrag News:

Thu, 2022-07-28 08:45

CAIRO: Egypt has signed a memorandum of understanding with an Indian company to build a green hydrogen factory in the Suez Canal Economic Zone, a cabinet statement said on July 27.

According to the MoU, Indian ReNew Power Private Limited will build a factory to produce 20,000 tons of green hydrogen a year, with investments worth $8 billion.

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