During their meeting on Thurday, Hemeid hailed studies submitted by the German company to the Egyptian side to develop infrastructure in the field of renewable energy, reducing power consumption, and efficient fueling of ships on berths, an official statement read.

Lohmann Energy & infrastructure has presented to the Egyptian side a vision regarding waste recycling to produce biofuels in the first phase and green hydrogen in the second phase in order to reduce carbon emissions through the most up-to-date technology, the statement said.

The German company has developed innovative solutions to environmental problems in ports, meeting environmental standards and binding international conventions, the statement added.

The meeting comes a few days after President Abdel-Fattah El-Sisi invited German businessmen and investors during his recent visit to Berlin to boost their investments in Egypt.

The meeting also comes few months ahead of the 2022 UN Climate Change Conference (COP27) that Egypt is scheduled to host in the Red Sea port city of Sharm El-Shiekh in November.

As part of plans to transition to a green economy, Egypt has set goals to make renewable energy account for 42 percent its energy production by 2035 

Egypt aims in the coming years to reduce carbon emissions, promote use of renewable energy sources, and use alternative energy forms including green hydrogen - as part of the National Climate Strategy 2050 announced by the government in May.

Egypt has recently signed a number of MoUs on hydrogen and green ammonia production with international partners as part of the country's efforts to attract foreign investments into green hydrogen production in order to become a transit route for clean energy to Europe.

In August 2021, the country signed an MoU with the German giant Siemens Energy to jointly develop hydrogen-based industry in Egypt with export capability, starting with a pilot project comprising 100 to 200 MW of electrolyzer capacity.