CAIRO - 9 October 2023: Egypt aims to capture between 5-8 percent of the global commercial market for green hydrogen, according to the Egyptian Minister of Electricity, Mohamed Shaker.
Shaker added that Egypt's strategy for producing low-carbon hydrogen is being finalized in preparation for its presentation to the National Hydrogen Council and its approval by the Supreme Council of Energy soon.
He stressed that green hydrogen is expected to grow rapidly in the coming years as a potential major accelerator of the energy transition and an aid to global decarbonization on a broader scale. Therefore, the Egyptian leadership was keen to direct the preparation of a national strategy for the production of low-carbon hydrogen as a promising source of energy in the near future.
The minister pointed out that the general framework of the strategy was announced during the Conference of the Parties of the UNFCCC (COP27), which was held in November 2022 in Sharm El-Sheikh.
Shaker stated that this strategy aims to make Egypt one of the world leaders in the low-carbon hydrogen economy, based on the leading global experiences and innovations in the production/export of hydrogen and its derivatives, renewable energy resources and Egypt’s strategic location.
"The strategy includes an ambitious goal for Egypt's participation, representing 5-8 percent of the global commercial market for green hydrogen. The strategy is being finalized in preparation for its presentation to the National Hydrogen Council and its approval by the Supreme Council of Energy soon,” he added.
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