23th of January 2023
S&S acted as Egyptian legal adviser to the EBRD in respect of Egypt’s first green hydrogen facility in the Suez Canal Economic Zone and the first fully integrated green hydrogen plant in Africa
Keywords: Banking & Finance, Financial Institutions
We are delighted and proud to announce that we acted as Egyptian legal adviser to the EBRD in respect of Egypt’s first green hydrogen facility in the Suez Canal Economic Zone and the first fully integrated green hydrogen plant in #Africa.
This groundbreaking transaction involved a USD 80 million loan from the EBRD to Egypt Green which is owned built and operated by Fertiglobe, Scatec ASA, Orascom Construction PLC Construction and The Sovereign Fund of Egypt.
Once the facility is fully operational and at full capacity, it will deliver up to 15,000 tons of green hydrogen and save 130,000 of CO2 emissions yearly. The green hydrogen is intended to be used as feedstock for the production of green ammonia both for local use and export. This is a major step towards the decarbonization of Egypt’s carbon- intensive industries and illustrates the importance that the Egyptian Government gives to significantly reducing carbon emissions.
It was a pleasure to work with our friends at the EBRD, Linklaters, Mazghouny & Co and ADSERO – Ragy Soliman & Partners on this very exciting project. Congratulations to all involved!
Our team was led by Banking & Finance Partner, Ahmed Haggag closely supported by Associate Raghda ElQabbage.
We are delighted and proud to announce that we acted as Egyptian legal adviser to the EBRD in respect of Egypt’s first green hydrogen facility in the Suez Canal Economic Zone and the first fully integrated green hydrogen plant in #Africa.
This groundbreaking transaction involved a USD 80 million loan from the EBRD to Egypt Green which is owned built and operated by Fertiglobe, Scatec ASA, Orascom Construction PLC Construction and The Sovereign Fund of Egypt.
Once the facility is fully operational and at full capacity, it will deliver up to 15,000 tons of green hydrogen and save 130,000 of CO2 emissions yearly. The green hydrogen is intended to be used as feedstock for the production of green ammonia both for local use and export. This is a major step towards the decarbonization of Egypt’s carbon- intensive industries and illustrates the importance that the Egyptian Government gives to significantly reducing carbon emissions.
It was a pleasure to work with our friends at the EBRD, Linklaters, Mazghouny & Co and ADSERO – Ragy Soliman & Partners on this very exciting project. Congratulations to all involved!
Our team was led by Banking & Finance Partner, Ahmed Haggag closely supported by Associate Raghda ElQabbage.
S&S acted as Egyptian legal adviser to the EBRD in respect of Egypt’s first green hydrogen facility in the Suez Canal Economic Zone and the first fully integrated green hydrogen plant in Africa
23th of January 2023
Keywords: Banking & Finance, Financial Institutions
We are delighted and proud to announce that we acted as Egyptian legal adviser to the EBRD in respect of Egypt’s first green hydrogen facility in the Suez Canal Economic Zone and the first fully integrated green hydrogen plant in #Africa.
This groundbreaking transaction involved a USD 80 million loan from the EBRD to Egypt Green which is owned built and operated by Fertiglobe, Scatec ASA, Orascom Construction PLC Construction and The Sovereign Fund of Egypt.
Once the facility is fully operational and at full capacity, it will deliver up to 15,000 tons of green hydrogen and save 130,000 of CO2 emissions yearly. The green hydrogen is intended to be used as feedstock for the production of green ammonia both for local use and export. This is a major step towards the decarbonization of Egypt’s carbon- intensive industries and illustrates the importance that the Egyptian Government gives to significantly reducing carbon emissions.
It was a pleasure to work with our friends at the EBRD, Linklaters, Mazghouny & Co and ADSERO – Ragy Soliman & Partners on this very exciting project. Congratulations to all involved!
Our team was led by Banking & Finance Partner, Ahmed Haggag closely supported by Associate Raghda ElQabbage.
We are delighted and proud to announce that we acted as Egyptian legal adviser to the EBRD in respect of Egypt’s first green hydrogen facility in the Suez Canal Economic Zone and the first fully integrated green hydrogen plant in #Africa.
This groundbreaking transaction involved a USD 80 million loan from the EBRD to Egypt Green which is owned built and operated by Fertiglobe, Scatec ASA, Orascom Construction PLC Construction and The Sovereign Fund of Egypt.
Once the facility is fully operational and at full capacity, it will deliver up to 15,000 tons of green hydrogen and save 130,000 of CO2 emissions yearly. The green hydrogen is intended to be used as feedstock for the production of green ammonia both for local use and export. This is a major step towards the decarbonization of Egypt’s carbon- intensive industries and illustrates the importance that the Egyptian Government gives to significantly reducing carbon emissions.
It was a pleasure to work with our friends at the EBRD, Linklaters, Mazghouny & Co and ADSERO – Ragy Soliman & Partners on this very exciting project. Congratulations to all involved!
Our team was led by Banking & Finance Partner, Ahmed Haggag closely supported by Associate Raghda ElQabbage.
