H2-Industries, a clean energy company that has developed a technology to produce green hydrogen using waste, has secured approval to construct a production facility in Egypt.
General Authority for Suez Canal Economic Zone has granted H2-Industries permission to construct a 1GW hydrogen production hub at East Port-Said.
H2-Industries will use waste such as plastic, agricultural waste and sewage sludge to produce green hydrogen, a solution the firm claims is more cost-effective to produce green and grey hydrogen.
The hydrogen plant will be fed with 4 million tons of organic waste and non-recyclable plastic per year secured at the Mediterranean entrance to the Suez canal.
The facility will produce 300,000 tons of green hydrogen per year at half the levelized cost of current green hydrogen production technologies, according to the statement.
The green hydrogen will be converted into a carrier fluid referred to as LOHC for transportation to meet local, regional and international demand for hydrogen.
H2-Industries claims its production process includes the capturing of greenhouse gas emissions, which is then commercialised to ensure environmental sustainability whilst expanding the company’s revenue streams.
The company claims its facility in Egypt will help encourage the circular economy model whilst diversifying the country’s energy mix for sustainability, energy decarbonisation, energy security and climate mitigation.
