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EGYPT GOVT. SET FOR US$1BILLION GREEN HYDROGEN INVESTMENT DEAL
Switzerland’s Smartenergy eyes Egypt for a green hydrogen investment opportunity worth USD 1 billion. The expansion would be the firm’s first outside Europe. The company is in the later stages of negotiations with the Egyptian government to build a green hydrogen plant. According to Smartenergy’s Chief Financial Officer René Cotting, the agreement between both parties will soon be ratified. However, he did not provide any additional information on the matter. Sources mentioned that the agreement was initially…
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