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Andrew Forrest meets with Egyptian President

13th September 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Fortescue Future Industries (FFI) founder and executive chairperson Dr Andrew Forrest has met with Egyptian President Abdel Fattah El-Sisi this week to discuss the development of green energy projects in the region.

FFI has already signed a memorandum of understanding (MoU) to conduct studies with a view to developing green hydrogen production in the Arab Republic of Egypt. The meeting discussed the potential development of a green hydrogen production project with a 9.2 GW installed capacity.

“Egypt is on the way to becoming a global powerhouse in the green energy value chain and will be ready to show the world that at COP27,” Forrest said this week.

“Egypt’s excellent wind and solar resources can generate the renewable energy required to produce large scale green electricity, green hydrogen and green ammonia.”

The Presidential spokesperson said the meeting tackled collaboration between FFI and Egypt’s electricity and renewable energy sector in the fields of green hydrogen production and green ammonia with a 9.2 GW installed capacity from renewable energy, as well as the localisation of electricity production from solar and wind resources such as solar panels and wind turbines.

FFI president Middle East North Africa Moataz Kandil said the company’s presence in Egypt was not only a step towards beginning to lower emissions, but a commitment to delivering social, environmental and economic benefits to the region.

Edited by Creamer Media Reporter

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