Egypt to launch $40bn hydrogen strategy before June 2022
11 February 2022The Egyptian government is planning to announce its $40bn hydrogen strategy before June 2022, which will include plans for a production capacity of 1.4GW by 2030.
The National Committee in charge of preparing the hydrogen strategy is coordinating with the European Bank for Reconstruction and Development (EBRD) in order to select a consultant to determine the technical, legal and financial requirements for developing hydrogen projects in Egypt.
Gabriel Lastours, head of energy Middle East and Africa at EBRD, said that The EBRD is working with governments in Egypt and Morocco on studies to assess how green hydrogen could contribute to the decarbonisation agenda and mapping out low carbon pathways for these countries.
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