Egypt holds its first National Green Hydrogen Council meeting

CAIRO - 19 Septemer 2023: Egypt's Prime Minister, Mostafa Madbouly, chaired the first meeting of the National Green Hydrogen Council, signaling the country's commitment to developing its green hydrogen industry.

During the meeting, Madbouly emphasized the importance of localizing the industry and directed the formation of an executive committee to oversee green hydrogen projects.

The prime minister ordered the executive committee to speed up the approval process for green hydrogen projects and provide exceptional incentive packages to the first companies that sign final contracts. These incentives will be granted on the condition that the projects secure necessary financing and demonstrate readiness for immediate implementation.

The establishment of the National Green Hydrogen Council aligns with the directives of President Abdel Fattah El-Sisi, who emphasized the need for a dedicated institutional entity to coordinate and manage all aspects of Egypt's green hydrogen endeavors. The council will serve as a platform for evaluating and promoting green hydrogen projects, ensuring a streamlined and efficient process.

Madbouly further revealed that the national strategy for green hydrogen is scheduled for launch in the near future. This strategy will outline the country's comprehensive approach to developing and harnessing the potential of green hydrogen, providing a roadmap for sustainable growth in the industry.

The Egyptian government has already taken significant steps towards fostering green hydrogen investments. In August 2023, the Egyptian Cabinet approved the establishment of the National Council for Green Hydrogen, demonstrating its commitment to sustainable social and economic development.

As part of this initiative, Egypt has signed more than 20 memorandums of understanding (MoUs) with major companies involved in green hydrogen development. These agreements, valued at approximately $83 billion, aim to produce an annual output of 15 million tons of green ammonia and green methane.