Electricity Minister and Renewable Energy Mohamed Shaker hinted that Egypt’s green hydrogen projects could cost about $3-4 billion in the early stages.

Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt has begun actual steps to enter the hydrogen industry and produce it as a clean source of fuel, highlighting that the ministry is developing the strategy for green hydrogen in Egypt and communicating with countries and international companies to explore opportunities for cooperation in this field, a press release stated.

Enel, the biggest utility company in Europe, intends to develop green hydrogen project in Russia as part of its plan to maximize its energy business in the country.

The Chinees Sionpec company announced about its tendency to start operation of its hydrogen in the Inner Mongolia region by 2022.

Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt is ready to be one of the producing countries of green hydrogen due to its climate.

Prime Minister Moustafa Madbouly assigned both ministries of petroleum and electricity to expedite drafting a detailed national strategy for green hydrogen to become the basis and reference for negotiation processes with international companies in this field.

In the presence of Minister of Petroleum and Mineral Resources, Tarek El Molla, Minister of Electricity and Renewable Resources, Mohamed Shaker, met Francois D’Elzius, Belgium Ambassador to Egypt, and the representatives of Belgian DEME Group, to discuss the steps taken in the green hydrogen production direction and to enhance cooperation between Egypt and Belgium

Prime Minister  Mostafa Madbouly witnessed Sunday ceremony of green hydrogen agreement signed between the Egyptian Electricity Holding Company, chaired by Gaber Desouky, and the Belgian DEME Group, chaired by Alain Bernard.

The world’s biggest oil exporter, Saudi Arabia, has set its sights on becoming the major player in supplying hydrogen to the market.