Fortescue Future Industries to Invest Billions in Green Hydrogen Production in Egypt

Fortescue Future Industries plans to start producing green hydrogen in Egypt in early 2027 with the Egyptian government having a potential 25% share of the project. The project includes renewable energy stations with a capacity of 7,600 megawatts and is expected to cost several billion dollars. It is planned to produce 330 kilotons annually of green hydrogen and export production to the European market, especially Germany. The company also has projects in Jordan which are being studied.

Green Hydrogen in Egypt and Europe

Egypt is one of the countries leading the way in green hydrogen production, with plans to produce up to 10 GW of green hydrogen by 2030. This would make it one of the largest producers of green hydrogen in the world. In addition, Egypt has signed a memorandum of understanding with Germany to collaborate on green hydrogen projects. This collaboration will help Egypt become a major supplier of green hydrogen to Europe. According to recent estimates, Europe could need up to 140 GW of green hydrogen by 2050 in order to meet its climate targets. To achieve this goal, investments in green hydrogen production are expected to reach €180 billion by 2030.
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Picture source: Sharon Pittaway