Eng. Hassan El Khatib, Minister of Investment and Foreign Trade, met with Mr. Robert Valk, Founder and CEO of Renergy Group Partners, and Mr. Abdullah El Ebiary, Managing Director of Alvarez & Marsal Consulting, where they reviewed the pioneering green hydrogen project in Sinai.
The Minister said that green hydrogen projects are an essential part of Egypt’s strategy to shift towards clean energy and attract foreign investments in the renewable energy sector, noting that the Sinai Green Hydrogen Project represents a unique model for sustainable projects that support the Egyptian economy and enhance the country’s position as a regional hub for clean energy.
Al-Khatib added that the Egyptian government is committed to supporting such pioneering projects.
For his side, Mr. Abdullah Al-Ebiary, General Manager of Alvarez & Marsal Consulting, said that the Sinai project is one of the most important pioneering projects that is developing very quickly, explaining that the project includes the installation of an electrolyzer with a capacity of 15 gigawatts, in addition to a water storage and pumping system to a height of 800 meters to generate energy when needed, providing a sustainable supply of basic energy of up to 3.1 gigawatts after the completion of its three phases.
For his part, Mr. Robert Valk, Founder and CEO of Renergy Group Partners, said that the project has great potential to be one of the most important sources of green hydrogen in the world. He noted that the work team has made great efforts to establish an integrated and sustainable infrastructure that ensures the continuity of production.
He added that the investment environment in Egypt supports innovation and sustainability, making it an attractive destination for such ambitious projects, noting that the first phase of the project includes a water desalination plant and a liquid hydrogen production facility, in addition to establishing a sea pier to export the product to Europe, where it will be shipped to the Italian port of Trieste, to be distributed via railways to several European countries, most notably Germany.