Egypt, India ink deal to build green hydrogen factory worth $8 billion

Egypt has signed a memorandum of understanding (MoU) with an
Indian company to build a green hydrogen factory in the Suez Canal
Economic Zone, a cabinet statement said on Wednesday, Trend reports citing Khaleej
Times.

According to the MoU, Indian ReNew Power Private Limited will
build a factory to produce 20,000 tonnes of green hydrogen a year,
with investments worth $8 billion.