HELD UNDER THE PATRONAGE OF THE GOVERNMENT OF NAMIBIA
Why Egypt?
In a recent announcement, the Egyptian Supreme Council of Energy approved the National Strategy for Low-Carbon Hydrogen, a strategic move that aims to enhance Egypt’s global position in the emerging low-carbon hydrogen economy. Key highlights of the strategy include New Measures for the Nation’s Electricity Grid, Low Bureaucracy and Swift Approvals and Diverse Production Routes.
Egypt, along with five other African countries – Kenya, Mauritania, Morocco, Namibia and South Africa – has demonstrated a strong commitment to sustainable energy and secured international investment to cement its role in the green hydrogen sector.
Egypt Spotlight
The Green Hydrogen Facility – The European Bank for Reconstruction and Development (EBRD) has provided an $80 million loan to Egypt Green. Egypt Green, owned by Fertiglobe, Scatec ASA, Orascom Construction, and the Sovereign Fund of Egypt, aims to develop the country’s first green hydrogen facility. Used to produce sustainable green ammonia, the output will be sold both domestically and internationally, while also contributing to global net-zero targets.
COP27 Commitment – Egypt has committed $40 billion to its green hydrogen economy to attract foreign investment. The country’s pipeline for green hydrogen projects stands at 11.62 gigawatts (GW), equivalent to over 1.57 million tonnes of green hydrogen.
Foreign Investment – Global conglomerates like Eni, General Electric, and Thyssen Krupp have expressed interest in establishing hydrogen plants in Egypt. Totalling a $2 billion investment, these plants aim to produce both green and blue hydrogen.
Egypt’s strategic location and commitment to hydrogen development make it an attractive investment destination.
Join us at the Global African Hydrogen Summit - your gateway to Africa’s hydrogen investment opportunity.
Contact Us
For more information about the summit or to book your Summit Pass, please contact:
William Shilamba at info@gah2s.com