Green Hydrogen
Minister of Electricity and Renewable Energy, Mahmoud Esmat, met with Peter Mollema, Ambassador of the Kingdom of the Netherlands in Cairo, to explore opportunities for deepening cooperation in various sectors, particularly green hydrogen and renewable energy projects.
Its capacity will be 100,000 tons per annum in the first phase that will be completed by 2030.
That will be either directly or through partnerships with Arab funds operating in Egypt.
the project aims to enhance local value creation and is expected to generate 1,330 jobs across construction, operation, and maintenance stages.
This collaboration aims to explore opportunities for cooperation in hydrogen trade, focusing on production potentials and expanding hydrogen’s logistical pathways.
Minister of Electricity and Renewable Energy, Mahmoud Esmat, outlined key targets during the BRICS Energy Ministers Conference, including the goal for renewable energy to comprise over 42 percent of Egypt's energy mix by 2040
The discussions centered on adjusting carbon limits to enhance the competitiveness of Egyptian exports.
The Cabinet announced on Thursday launching Egypt’s National Low Carbon Hydrogen Strategy to enhance the country’s efforts in diversifying renewable and sustainable energy sources
Fertiglobe has secured a contract valued at €397 million to supply green ammonia to the European Union. The contract spans until 2033 and sets the rate at €1,000 per ton.
The Egyptian government is seeking to diversify the energy mix through a set of policies.
A green hydrogen project, to be established in Gargoub, west of Matrouh, will require a total investment of €24 billion.
The summit, which aims to explore ways to support the global energy transition, provided a platform for Heiba to highlight the investment opportunities in Egypt's green hydrogen landscape
The study stated that Egypt pays great attention to the energy sector, out of its belief and awareness of its vital and effective role as a primary driver and indicator of economic growth, bearing in mind that the implementation of an integrated and sustainable energy strategy is one of the most important pillars of economic and social development.
The project will involve investments worth $2 billion, according to a statement from SK Ecoplant. The companies aim to have the project fully operational by 2029
The agreements include investments of $12 billion for the pilot phase and approximately $29 billion for the first phase
During the meeting, El Menshawy explained that the Egyptian government has made great strides in the field of green hydrogen, whether in terms of creating the appropriate environment for investments or entering into partnerships with major international companies
Madbouly said more than 1,000 private sector companies that take part in national programs which will help improve the Egyptian economy on all levels
During the meeting, Kazbekov expressed the NDB's keenness to expand investments in Egypt and foster closer collaboration between the bank and the electricity sector
The proposed project will be strategically located near the Jarjoub sea port and the Jarjoub Special Economic Zone, demonstrating Egypt's commitment to utilizing its advantageous geographical position
The draft law provides tax and non-tax incentives, in light of Egypt’s direction towards optimizing the production, use and export of clean green energy and establishing projects for the production of green hydrogen and its derivatives like green ammonia and green fuel.
