H2-Industries Receives Preliminary Approval for $3 billion Waste-to-Hydrogen Plant in Egypt
German technology company, H2-Industries, has received preliminary approval from the General Authority for the Suez Canal Economic Zone to develop a 1 GW waste-to-hydrogen plant in East Port Said that will be capable of producing up to 300,000 tons of green hydrogen annually.
The $3 billion hydrogen center will use 4 million tons a year of non-recyclable plastic and agricultural waste as feedstock for energy production to create green hydrogen, while also serving to capture CO2 and commercialize it. The hydrogen will then be stored and transported in a liquefied organic hydrogen carrier and captured with CO2 to produce low-cost, synthetic diesel or aviation fuel.
“The exciting part of the project is that it is the first big-scale, waste-to-hydrogen plant for a huge amount of hydrogen,” states Michael Stusch, Executive Chairman and CEO of H2-Hydrogen, adding, “The Waste-to-Hydrogen plant is a breakthrough in making green hydrogen economically viable, helping not only reduce global CO2 emissions, but also reducing the pollution and impairment of water resources in the country.”
Currently in its feasibility stage, the plant will be developed by renewable energy producer, Scatec; fertilizer producer Fertiglobe; engineering and construction contractor, Orascom Construction; and the Sovereign Fund of Egypt, with work expected to take place over three phases, with the final phase projected for completion within five years.
“We really want to deliver the first green hydrogen at the end of 2025, beginning of 2026,” Stusch added, concluding, “We have been developing hydrogen storage for 11 years. Until the last two years, nobody wants to hear about it. Now everybody wants to have green hydrogen as soon as possible.”
Set to host the COP27 climate conference in Sharm El Sheikh in November, Egypt has been escalating its green hydrogen ambitions in recent years, having recently announced plans for the development of a 50 MW to 100 MW green ammonia plant in the Red Sea town of Ain Sokhna.
With a current market value of approximately $174 billion, hydrogen is projected to account for roughly 12% of global energy use by 2050, and result in a 10% reduction in CO2 emissions.
Post time: Mar-07-2022