During the Hamburg Sustainability Conference in Germany an agreement was a 30 million grant in the presence of H.E. Dr. Rania A. Al-Mashat Minister of Ministry of Planning, Economic Development & International Cooperation, between the German PtX Development Fund and Norwegian Scatec, with of investing in industrial projects at various stages along the green hydrogen value chain.
This project, aligns with Egypt’s goals of reducing carbon emissions and encourage the use of renewable energy sources, as highlighted in its National Climate Strategy.