EGYPT – German energy storage firm, H2 Industries, is investing US$3 billion to build a plant in Egypt that will produce 300,000 tonnes of green hydrogen per year.
The plant will produce green hydrogen by using organic wastes as feedstock for its energy production while capturing CO2 and commercializing it to achieve carbon neutrality.
The green H2 production facility will be located in the east of Port Said, near the Suez Canal.
The company has received preliminary approval from the General Authority for the Suez Canal Economic Zone (SCZone) for the development of a 1GW LOHC Hydrogen Hub.
The plant will produce green H2 by using organic wastes as feedstock for its energy production, while capturing CO2 and commercializing it to achieve carbon neutrality, making it the first of its kind in the world.
“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,” said Michael Stusch, Chairman of H2 Industries.
The green hydrogen plant is expected to absorb at least 4 million tons of waste annually which will include organic waste and non-recyclable plastic.
Michael added that H2 Industries buys a ton of waste for about US$20, which is an attractive price for those looking to work with the industry.
“Creating green hydrogen has historically proven uneconomic. H2-Industries, using its proprietary technology, has developed a process to create substantial amounts of green hydrogen from organic waste at competitive costs,” the company said.
The green hydrogen produced from that process can be transported and stored, using other H2-Industries technologies, and released on demand for use in industrial applications.
The investment by H2 Industries in a green H2 project falls in line with the Egyptian government’s goal to increase the proportion of energy production.
This project will increase new and renewable sources to 20 percent of the total energy production in 2022, and reach a projected 42 percent by 2035.
The company is negotiating with the UAE and other eight African countries to establish similar projects to produce green hydrogen from waste.
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