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Egypt’s green hydrogen industry is taking off

Content type:: Expert Briefings
Location:: EGYPT
Keywords associated with this article:: Geographic: Egypt ME/NAF

Topical: economy industry energy foreign investment foreign trade government natural resources policy reform regional regulation renewable energy politics
ISSN:: 2633-304X
Citation:: Oxford Analytica (2024), "Egypt’s green hydrogen industry is taking off", Expert Briefings.
https://doi.org/10.1108/OXAN-DB289574

Wednesday, September 11, 2024

Significance

Deals worth EUR40bn (USD44bn) covering renewable energy and green hydrogen were signed at June's EU-Egypt investment conference. They promise to help Cairo decarbonise local industries and insulate them from shifting importer demands, while also conserving increasingly scarce natural gas for alternative uses.

Impacts

As part of its policy to support allies via investments, Saudi Arabia could become a major investor in Egyptian green hydrogen.
International oil and gas producers already in Egypt could invest in green hydrogen to decarbonise their global portfolios.
Green hydrogen could be deployed chiefly to decarbonise Egypt's domestic fertiliser, steel, refining and petrochemicals sectors.

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Significance

Impacts

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