--- title: Egypt signs €7b green hydrogen deal description: "A fresh boost for the global demand for ammonia-based maritime fuel\n\nEgypt has signed a 7 billion euro agreement with France's EDF and the UAE's Zero Waste to develop a green hydrogen facility near the Gulf of Suez. The project aims to produce over one million metric tons of green ammonia annually, primarily as a low-carbon maritime fuel for ships passing through the Suez Canal." image: https://blog.maritimefinance.ch/hubfs/W11_article_3.jpg --- [![EMF](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/EMF.png)](https://maritimefinance.ch/fr) - [ABOUT](https://maritimefinance.ch/about-us/) - [OUR FLEET](https://maritimefinance.ch/our-fleet/) - [PAST PERFORMANCE](https://maritimefinance.ch/past-performance/) - [INVESTMENTS](https://maritimefinance.ch/investments/) - [MARKET NEWS](https://blog.maritimefinance.ch/en/marketreportweekly) - [GLOBAL NEWS](https://maritimefinance.ch/global-news/) - [CONTACT US](https://maritimefinance.ch/contact-us/) - [ABOUT](https://maritimefinance.ch/about-us/) - [OUR FLEET](https://maritimefinance.ch/our-fleet/) - [PAST PERFORMANCE](https://maritimefinance.ch/past-performance/) - [INVESTMENTS](https://maritimefinance.ch/investments/) - [MARKET NEWS](https://blog.maritimefinance.ch/en/marketreportweekly) - [GLOBAL NEWS](https://maritimefinance.ch/global-news/) - [CONTACT US](https://maritimefinance.ch/contact-us/) [![fr_FR](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/fr_FR.png)](https://blog.maritimefinance.ch/marketreportweekly?hsLang=en) [![en_GB](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/en_GB.png)](https://blog.maritimefinance.ch/en/marketreportweekly) [![fr_FR](https://blog.maritimefinance.ch/hubfs/Maritime_Finance_April2024/images/fr_FR.png)](https://blog.maritimefinance.ch/marketreportweekly?hsLang=en) ![Egypt signs €7b green hydrogen deal](https://blog.maritimefinance.ch/hubfs/W11_article_3.jpg) # Egypt signs €7b green hydrogen deal - Home - [blog](https://blog.maritimefinance.ch/en/marketreportweekly) - Egypt signs €7b green hydrogen deal 03/17/2025 [VLGC/AMMONIA UPDATE](https://blog.maritimefinance.ch/en/marketreportweekly/tag/vlgc-ammonia-update) ![W11_article_3](https://blog.maritimefinance.ch/hs-fs/hubfs/W11_article_3.jpg?width=1200&height=772&name=W11_article_3.jpg) A fresh boost for the global demand for ammonia-based maritime fuel Egypt has signed a 7 billion euro agreement with France's EDF and the UAE's Zero Waste to develop a green hydrogen facility near the Gulf of Suez. The project aims to produce over one million metric tons of green ammonia annually, primarily as a low-carbon maritime fuel for ships passing through the Suez Canal. Great news for the VLAC market and the ecological transition This initiative highlights Egypt's commitment to developing clean energy and strengthens the global supply chain for green ammonia. With the increasing demand for sustainable maritime fuels, this project presents a long-term growth opportunity for the VLAC market (very large ammonia carriers) as ammonia trade volumes continue to rise. EMF currently operates a fleet of three VLACs. *Source: Hydrogen Insights* --- #### Tag: [VLGC/AMMONIA UPDATE](https://blog.maritimefinance.ch/en/marketreportweekly/tag/vlgc-ammonia-update) #### Share: - [Follow us on Facebook](http://www.facebook.com/share.php?u=https://blog.maritimefinance.ch/en/marketreportweekly/egypt-signs-7b-green-hydrogen-deal) - [Follow us on Twitter](https://twitter.com/intent/tweet?url=https://blog.maritimefinance.ch/en/marketreportweekly/egypt-signs-7b-green-hydrogen-deal&text=Egypt%20signs%20€7b%20green%20hydrogen%20deal) - [Follow us on Linkedin](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.maritimefinance.ch/en/marketreportweekly/egypt-signs-7b-green-hydrogen-deal) - [Follow us on Pinterest](http://pinterest.com/pin/create/button/?url=https://blog.maritimefinance.ch/en/marketreportweekly/egypt-signs-7b-green-hydrogen-deal&text=Egypt%20signs%20€7b%20green%20hydrogen%20dealdescription=A%20fresh%20boost%20for%20the%20global%20demand%20for%20ammonia-based%20maritime%20fuel%20Egypt%20has%20signed%20a%207%20billion%20euro%20agreement%20with%20France's%20EDF%20and%20the%20UAE's%20Zero%20Waste%20to[...]&media=https://143789414.fs1.hubspotusercontent-eu1.net/hubfs/143789414/W11_article_3.jpg) --- #### [Tanker market strengthens overall Previous Post](https://blog.maritimefinance.ch/en/marketreportweekly/tanker-market-strengthens-overall?hsLang=en) #### [An overview on key market developments Next Post](https://blog.maritimefinance.ch/en/marketreportweekly/an-overview-on-key-market-developments?hsLang=en) --- ## Related Posts It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. 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