As the world goes about trying to solve the climate issue, and reach to net-zero approach, Egypt has prioritized green hydrogen production to reduce its reliance on fossil fuels before 2030.
The government of Egypt has drawn up ambitious plans that could put it ahead in the emerging race to produce cheap green hydrogen.
These plans aim to reduce its reliance on fossil fuels, accelerate access to renewable energy for many factories and businesses by increasing the exploitation of green hydrogen productions and meet their global climate commitments.
In line with the UN’s Sustainable Development Goals (SDGs) goals, the North African country has also made notable progress in its clean energy transition, but it still faces some significant challenges.
Gasoline accounts for over 60% of electricity generation, and Egypt continues to build new Natural Gas power plants domestically. At the same time, it has added more solar power capacity than any other African country year after year.
Indeed, reaching Egypt’s climate targets and its national vision for 2030 cannot rely solely on the rollout of renewables and electric vehicles. It will need to involve solutions to produce green hydrogen that costs less than natural gas.
Thus, Egypt’s government is increasing its policy focus on green hydrogen to support the decarbonization of hard-to-abate industrial sectors.
Speaking to Sada Elbald, the economic expert Mamdouh Ismaeil said, “Egypt has been making major investments into green hydrogen in accordance with the President’s recommendations to accelerate the adoption of green hydrogen and localized the sustainable industries as well.”
He continued: “We have the ingredients to produce green H2 at economic prices.”
“Egypt is moving towards this goal with serious results already in place,” noted Ismaeil .
In parallel, Egypt has received an 81.6$ billion investment from European states and international institutions that promote green hydrogen projects across the world to support the industry of green hydrogen by 2030 in a bid to help achieve the global goals of the UN.
The new policy adopted by Egypt in this respect will also help companies in setting up green hydrogen storage facilities near ports, and possibly allow them to ship H2 outside the country.
"UAE’s Al Nowais is looking to invest in desalination and green hydrogen projects in Egypt," the head of Al Nowais Hussain Al Nowais said.
Last month, Egypt’s Suez Canal Economic Zone and the German H2 Industries Company, a leading firm in energy storage, have inked an MOU to build the first plant to convert waste into Hydrogen globally.
Once built, it will be the first plant of its kind to convert waste into hydrogen globally once built, according to the Information and Decision Support Center of the Egyptian Cabinet (IDSC).
The plant is located in East Port Said, with an investment value of 4 billion dollars, a production capacity of 300,000 tons per year of green hydrogen, and an annual feeding with 4 million tons of organic waste and plastic, which will be kept at the Mediterranean entrance of the Suez Canal.
The waste is planned to be kept at the Mediterranean entrance to the Suez Canal. The final signature will be during the Cop27 that will take place in November in Sharm El-Sheik, Red Sea.
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“It’s a breakthrough in making green H2 economically valuable,” said the CEO of the German firm Michale Stusch at the signing ceremony that took place in the New Capital district, noting that the new plant will take tones of wastes that collect in Egypt and turn it to green hydrogen, which is produced by splitting water by electrolysis.
In conclusion, the government wants to make a massive dent in meeting the lofty renewable targets it has set for the nation by 2030. And this may only be the beginning.
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