Dalia Samir, Co-Founder and Director of Hydrogen Egypt (H²Egypt), unveiled a partnership deal with Chinese PERIC to assemble and produce parts of the electrolyzer units in Egypt during the first quarter of 2024.
Globally, PERIC is the biggest company in terms of the production of electrolyzer units to produce hydrogen.
Samir informed Asharq Al-Awsat that, in the first phase, the partnership entails technical cooperation to assemble electrolyzer units and to significantly manufacture a portion of them within Egypt.
This partnership would contribute to passing PERIC’s expertise and advanced technology to the Egyptian market.
PERIC Hydrogen Technologies Co., Ltd is a wholly-owned subsidiary of the Purification Equipment Research Institute of CSIC. It is headquartered in Handan City, Hebei Province. It is mainly engaged in the research, design, and manufacturing of hydrogen generation system, as well as the utilization and research development of hydrogen energy.
Currently, PERIC operates six commissioning and machining workshops. The annual production capacity amounts to 350 sets of alkaline-type hydrogen generators and 120 sets of PEM-type hydrogen generators.
Samir added that a high-ranking delegation from PERIC is expected to visit Cairo in September to determine the volume of the company to be established in partnership with H²Egypt and to set a specific date to start assembling and producing parts of the electrolyzer units in Egypt during the first quarter of 2024.
PERIC plans to provide training for the maintenance and operational staff, along with conducting studies aimed at obtaining a stake in the capital alongside other Egyptian shareholders.
Well-informed sources told Asharq Al-Awsat that PERIC signed deals to supply equipment to foreign firms that have previously signed hydrogen production projects with the Egyptian government in the past months.
The deals are at a value ranging between $200 and $300 million.
PERIC exported its products to over 30 countries and regions spanning Europe, North America, the Middle East, East Asia, South Asia, Southeast Asia, and Africa.
In mid-September, H²Egypt is organizing an international conference in Cairo dedicated to the hydrogen industry. The conference will see participation from both domestic and international public and private sectors.
Chinese company PERIC will be present with a high-level delegation to engage in the signing of agreements and memorandums of understanding (MoUs).
