November 27, 2024 [Chem Analyst]- Polish renewable energy company, Hynfra, is poised to make a significant investment in Egypt’s green hydrogen sector. The company plans to build a green hydrogen plant with an initial capacity of 100,000 tonnes per year, with the potential to expand to one million tonnes annually. This ambitious project is estimated to cost around $10.6 billion, making it one of the largest green hydrogen initiatives in the region say the company executives.
According to Hussein Al-Gazzawi, a Hynfra partner in Egypt, the initial phase of the plant will be funded by foreign creditors and is expected to cost approximately $1.6 billion. The entire output from the plant is earmarked for export to the European Union, with Hynfra already having secured long-term export agreements.
Hynfra’s founder and CEO, Tomoho Umeda, emphasized the strategic importance of the Egypt project, highlighting that it is one of five green hydrogen plants the company is developing globally. Umeda expressed confidence in the project’s timeline, projecting its completion by 2030.
The announcement follows recent developments in Jordan, where Jordan Green Ammonia (JGA), in partnership with Hynfra, signed Land Use Agreements with the Aqaba Special Economic Zone Authority (ASEZA) and the Aqaba Development Corporation (ADC) for a proposed green ammonia project. The feasibility study for this project was completed in the second quarter of 2024.
Hynfra’s substantial investment in Egypt’s green hydrogen sector underscores the growing global interest in clean energy solutions. By leveraging Egypt’s abundant solar and wind resources, the company aims to contribute to the country’s sustainable development goals while meeting the increasing demand for green hydrogen in Europe.
Hynfra is a Polish company that specializes in the development and implementation of sustainable energy solutions, particularly in the field of hydrogen technologies. It focuses on providing green energy solutions that contribute to carbon neutrality, with expertise in energy storage, hydrogen production, and infrastructure for industrial and commercial applications. Their services aim to support the transition to a low-carbon economy through innovative and environmentally friendly technologies.
Hynfra offers customized energy solutions based on the client’s specific needs, considering factors like energy supply methods, industrial gas demand, and potential revenue from energy certificates. They focus on optimizing the performance and creating efficient investment models. Their projects can also incorporate low-cost energy, the use of own fuel, and provide hydrogen solutions, ensuring cost-efficiency and sustainability. Hynfra aims to support its partners in maximizing performance and achieving green energy goals.
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