Egypt’s Prime Minister Moustafa Madbouli voiced appreciation to the Chinese company United Energy for investing in Egypt in the fields of green hydrogen and green ammonia as well as the production of potassium chloride from seawater.
He asserted support for the company to expand its projects in Egypt.
He made the remarks during a meeting on Tuesday with Song Yu, Executive Director of United Energy, on the fringe of the Third Belt and Road Forum for International Cooperation.
The meeting was attended by Chairman of the General Authority for Suez Canal Economic Zone (SCZONE) Walid Gamal Eddin and representatives from the company.
For his part, Song said the company operates in Egypt since 2019 and is looking forward to injecting more investments in new projects, including green hydrogen and green ammonia as well as the production of potassium chloride from seawater.
Meanwhile, Gamal Eddin said the company is looking forward to pump about dlrs 8 billion into Egyptian market.
He noted that the project of producing potassium chloride from seawater – upon which a framework agreement was signed on Tuesday – will help localize its production in Egypt and cutting importation bill.