Egypt, Saudi Arabia’s Acwa power sign $4bln green hydrogen deal – Egyptian cabinet

Egypt, Saudi Arabia’s Acwa power sign $4bln green hydrogen deal – Egyptian cabinet

CAIRO - Egypt has signed a $4 billion deal with Saudi Arabia's Acwa power company to develop a green hydrogen project, Egypt's cabinet said in a statement on Wednesday. Following this agreement, a work plan will be drawn up to develop the first phase of the green hydrogen project, with a production capacity of up to 600,000 tons annually of green ammonia, the statement added. (Reporting by Momen Saeed Atallah, Writing by Ahmed Elimam, editing by Andrew Heavens) Egypt, Saudi Arabia's Acwa power sign $4bln green hydrogen deal - Egyptian cabinet