News Flash
- Egypt’s Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker, has confirmed that Egypt has started extracting green ammonia with international private sector partners.
- He said that although there is limited production now, this will be ramped up in coming years.
The Minister explained that 9 framework agreements were signed to implement green hydrogen production projects and its derivatives using renewable energies from wind and solar energy with capacities of up to 47,000 megawatts and 24,000 megawatts of electrolysis capabilities. He added that investments amounted to $85 billion, while direct job opportunities amounting to 45,000 and indirect job opportunities amounting to 230,000.
“Green hydrogen gas is considered one of the least expensive and environmentally friendly sources of electricity production and is considered the fuel of the future during the next 10 years, so we place the implementation of green hydrogen projects as a top priority,” said
Shaker explained that all investments in this field comes from abroad.
Author: Bryan Groenendaal
Source: MENA
