Egyptian-German-Chinese Coalition to Manufacture Hydrogen Production Electrolyzer Units

Electrolyzer to produce green hydrogen. (Getty)
Electrolyzer to produce green hydrogen. (Getty)
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Egyptian-German-Chinese Coalition to Manufacture Hydrogen Production Electrolyzer Units

Electrolyzer to produce green hydrogen. (Getty)
Electrolyzer to produce green hydrogen. (Getty)

Chairman of the Board of Directors of the GV Investment Group Egypt, Sherif Hammouda stated Tuesday that his company is ready to be part of a coalition between two, German and Chinese, clean energy production companies.

The coalition seeks to launch a project to manufacture electrolyzer units that produce green hydrogen, in the Egyptian industrial city of Tarbol, with a capital of $100 million.

In his statements to Asharq Al-Awsat, Hammouda announced that the production capacity of the project would reach 500 megawatts in order to “increase energy alternatives across the Republic”.

The project will be declared in the coming week, he added.

A well-informed source said that the initial studies of the new Egyptian-Germany-Chinese coalition resulted in the decision to produce Alkaline electrolyzers because they are low cost, easy to use, and can be used in industrial activities.

The basic form of an electrolyzer unit contains an electrolytic cell with two electrodes – a cathode (negative charge) and an anode (positive charge) – and a membrane.

There are three main types of water electrolysis technology: proton-exchange membrane (PEM), alkaline and solid oxide. Alkaline electrolyzers contain water and a liquid electrolyte solution such as potassium hydroxide (KOH) or sodium hydroxide (NaOH).

Rystad Energy’s latest projection for green hydrogen production by 2030 is 24 million tons from 212 gigawatts (GW) of electrolyzers, fueled by the latest round of incentives such as the Inflation Reduction Act and Europe’s multitude of support plans.

This coincides with the Egyptian government stepping up efforts to advance green hydrogen production projects in Egypt amid a global energy crisis. It signed several agreements and MoUs with global and Arab companies to establish projects worth billions.

Hammouda went on to say that his company inked deals with the French company Amarenco and an American company, which he didn’t disclose its name, to inaugurate a project to produce green ammonium in favor of upper Egypt.



World Bank Raises China's GDP Forecast for 2024, 2025

World Bank Raises China's GDP Forecast for 2024, 2025
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World Bank Raises China's GDP Forecast for 2024, 2025

World Bank Raises China's GDP Forecast for 2024, 2025

The World Bank raised on Thursday its forecast for China's economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year.
The world's second-biggest economy has struggled this year, mainly due to a property crisis and tepid domestic demand. An expected hike in US tariffs on its goods when US President-elect Donald Trump takes office in January may also hit growth.
"Addressing challenges in the property sector, strengthening social safety nets, and improving local government finances will be essential to unlocking a sustained recovery," Mara Warwick, the World Bank's country director for China, said.
"It is important to balance short-term support to growth with long-term structural reforms," she added in a statement.
Thanks to the effect of recent policy easing and near-term export strength, the World Bank sees China's gross domestic product growth at 4.9% this year, up from its June forecast of 4.8%.
Beijing set a growth target of "around 5%" this year, a goal it says it is confident of achieving.
Although growth for 2025 is also expected to fall to 4.5%, that is still higher than the World Bank's earlier forecast of 4.1%.
Slower household income growth and the negative wealth effect from lower home prices are expected to weigh on consumption into 2025, the Bank added.
To revive growth, Chinese authorities have agreed to issue a record 3 trillion yuan ($411 billion) in special treasury bonds next year, Reuters reported this week.
The figures will not be officially unveiled until the annual meeting of China's parliament, the National People's Congress, in March 2025, and could still change before then.
While the housing regulator will continue efforts to stem further declines in China's real estate market next year, the World Bank said a turnaround in the sector was not anticipated until late 2025.
China's middle class has expanded significantly since the 2010s, encompassing 32% of the population in 2021, but World Bank estimates suggest about 55% remain "economically insecure", underscoring the need to generate opportunities.