一. Project overview and technological innovation: rewriting the green hydrogen industrypattern

1. Scale and site selection

Egypt announced the launch of the world's largest green hydrogen factory on March 4, 2025with a total investment of Us$17 billion (about RMB 123.8 billion), and an annual output of400,000 tons of green hydrogen, far exceeding the Kuga project in Xinjiang, China (20,000tons/year). The project is located in the South Sinai Peninsula. Relying on the average annualsunshine resource of more than 3,000 hours (solar radiation intensity 2,000 kwh/squaremeter/year), wind speeds of 6-8 meters/second along the Red Sea coast, and logisticsadvantages adjacent to the Suez Canal, an integrated system of "wind, light, hydrogen storage'is built.

2. Technological breakthroughs

Electrolytic cell innovation: The load regulation range is widened to 20%-110%, significantlyimproving the ability of wind and photoelectric power consumption, and the green hydrogenproduction cost has been reduced to Us$2.8/kg, 30% lower than the global average.

Energy complementary design: 3.1 GW of renewable energy (85% photovoltaic + 15% windpower), balancing power fluctuations through pumped storage power stations at night, and thecost of solar power generation has been reduced to 2 cents per kilowatt-hour.

二. Funding structure and strategic value: Leveraging global energy geography

1. Diversified financing model

Adopt "Government + International Capital + Private Sector" mixed financing:

Egypt's sovereign fund injects $3 billion (17.6%, the World Bank provides $5 billion inpreferential loans, and the EU guarantees the issuance of $4 billion in green bonds.

Corporate consortiums such as Total France and Masdar in the UAE have invested Us$3 billionand some companies have invested in "technology for resources".

2. Geo-strategic positioning

EU decarbonization demand: it plans to supply 1.5 million tons of green hydrogen to Europe by2030, accounting for 15% of EU import target.

Regional linkage: Form a Middle East Energy Corridor with Saudi Arabia's "Green Middle East'Plan and the lsrael-Jordan hydrogen energy hub.

Suez Canal Hub: Build a supporting green hydrogen port, with the goal of becoming adecarbonized shipping fuel supply station and reshaping the global energy logistics pattern.

三. Egypt's overall layout of hydrogen energy strategy: from planning to implementation

1. Goals and Policy support

According to the National Low-Carbon Hydrogen Energy Strategy (released in 2024), Egyptplans to produce 1.5 million tons of green hydrogen and derivatives by 2030, and increase it to5.8 million tons (3.8 milion tons of exports) by 2040, with a target of 5%-8% of the globalmarket share.

The Green Hydrogen Energy Subsidy Act of 2024 provides a 55% tax credit and exemptsequipment import tariffs and export value-added tax.

2.Economic benefits and emission reduction contribution

It is estimated that by 2035, the hydrogen energy industry will contribute 4.2% of GDp, create120,000 direct jobs, and exports will reach Us$12 billion.

The emission reduction of 120 million tons of carbon dioxide throughout the life cycle(equivalent to the closure of 25 coal-fired power plants), helping Egypt's renewable energy shareincrease from 20% to 42%.

四. In-depth participation of chinese enterprises: technology output and industrial chaincoordination

1. Core cooperation projects

China Energy Construction: Signed a Us$5.1 billion agreement to build a green hydrogen projectwith an annual output of 140,000 tons in two phases, mainly for the European market.

China Construction: Joint South Korea's SK Ecoplant to invest Us$1.9 billion to build a 50,000ton green hydrogen project in the Suez Canal Economic Zone.

Longi Green Energy: Plans to increase investment in Egypt's photovoltaics and green hydrogenfields to promote the upgrading of the local industrial chain.

2. Ruilin Technology's strategic layout in Egypt

Joint venture company was established: a joint venture company was established with Egypt in2023, controlling and building an electrolytic cell production capacity of more than 500Mw,covering the full off-grid hydrogen production scenario.

Urinal production and application: Hydrogen is mainly used to synthesize Urinal, which is in linewith the advantages of Egypt's scenery and light resources, and is planned to be exported toEurope through the Suez Canal.

Technical output verification: its electrolytic cell technology with "alkaline price and PEMperformance" has been recognized by the Egyptian government and has become a key solutionfor off-grid hydrogen production.

Through the super green hydrogen project, Egypt has transformed renewable energyendowments into global energy discourse, establishing Africa's first green hydrogen export hubIf the project is successfully implemented, it will not only promote Egypt's GDp growth andindustrial decarbonization, but will also contribute 120 million tons of emission reduction toglobal carbon neutrality. The in-depth participation of Chinese companies not only reflectsChina's international competitiveness in the field of green technology, but also provides a newparadigm for energy cooperation on the Belt and Road lnitiative.(This article is from the official website of Seetao.com, www.seetao.com. No reprinting is allowed without permission. Otherwise, legal liability will be pursued. If reprinting, please indicate Seetao.com + the original text link.) Editor of the Strategic Column of Seetao.com / Yin Shiqian