Egypt is poised to become a global leader in green hydrogen production, with ambitious plans to integrate renewable energy into its national strategy and capture a significant share of the market by 2050. The north African country aims to lead in green hydrogen production with a target cost of $1.7 per kilogramme and an 8 per cent global market share, as per a recent report. The country's strategic framework, unveiled at COP27, outlines a roadmap to establish Egypt as a low-carbon hydrogen hub with an export capacity of 12.5 million tons by 2035, according to the report. The nation's short-term goals up to 2030 focus on incentivising renewable energy projects for electricity generation, facilitating entrepreneurs, and reducing investment costs for electrolyser production. This vision is supported by 21 green hydrogen projects in the pipeline, including a 3 million tpa green ammonia facility by Scatec and a 4 GW electrolyser plant at the Suez Canal Economic Zone (SCZONE) developed by Masdar and Hassan Allam Holding Group. Egypt's commitment to a sustainable energy future is clear as it sets its sights on becoming a prominent player in the green hydrogen industry.
