The Egyptian Cabinet said Wednesday that Egypt has signed 7 memorandums of understanding with local and international companies to start research on green hydrogen production projects.
The statement added that the government had previously signed 16 memorandums of understanding related to green hydrogen projects centered on the Suez Canal Economic Zone, and nine of them were converted into framework agreements last month, Reuters reported.
Last month, the Egyptian government signed two joint declarations of intent to cooperate on green hydrogen and liquefied natural gas with the German government.
Egypt’s Ministry of International Cooperation confirmed in a statement that the Green Hydrogen Cooperation Declaration of Intent aims to enhance green hydrogen cooperation, promote sustainable development and cooperate to achieve the goals of the Paris Agreement to reduce greenhouse gas emissions.
The statement stated that the declaration of intent on cooperation in the field of liquefied natural gas exports is aimed at expanding cooperation between the public and private sectors of both countries in the field of energy, especially liquefied natural gas.