DEME plans to invest $3B in Egypt’s green hydrogen

Hydrogen

Belgium/Egypt – Belgium’s DEME has committed an impressive $3 billion to Egypt’s ambitious Gargoub Port green hydrogen project. This colossal investment heralds a new era for Egypt’s renewable energy landscape and reflects DEME’s strong commitment to green hydrogen initiatives.

During a pivotal meeting with Egypt’s Prime Minister Mostafa Madbouly, CEO Luc Vandenbulcke revealed DEME’s profound interest in broadening its green hydrogen projects within the Egyptian landscape.

The green hydrogen project’s scope and vision are encapsulated in a well-structured plan consisting of three distinct phases. The magnitude of this initiative attests to the substantial transformation it aims to bring to Egypt’s energy sector. Each phase is poised to unlock unique opportunities and contribute to the nation’s broader green energy goals.

Green Hydrogen

Green hydrogen has emerged as a beacon of hope in the world’s quest for cleaner energy. With the global shift towards sustainability, the potential of green hydrogen to decarbonize industries and reduce greenhouse gas emissions is immense.

Egypt’s pursuit of green hydrogen signifies its determination to diversify its energy sources and reduce dependence on fossil fuels. By partnering with a renowned name like DEME, Egypt is positioning itself as a vital player in the global green hydrogen landscape.

Tagged