German Group Agrees to Buy Hydrogen From Egypt as of 2027
- Germany-backed H2Global to purchase at least 259,000 tons
- Supplies will then be sold at cheaper prices to European firms
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A German government-backed foundation has agreed to import green ammonia from Egypt in the coming years in a bid to accelerate Europe’s energy transition.
H2Global will buy at least 259,000 tons of the carrier for hydrogen in the period from 2027 to 2033, from a production site in Egypt owned by the UAE’s Fertiglobe Plc. It will then sell it at cheaper prices to companies in the European Union, according to a statement from Germany’s economy ministry.