{"id":19943,"date":"2022-11-09T09:02:50","date_gmt":"2022-11-09T09:02:50","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer"},"modified":"2022-11-09T12:22:23","modified_gmt":"2022-11-09T12:22:23","slug":"green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer","title":{"rendered":"Green hydrogen: What is it, and can Egypt become a leading producer?"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>With a growing population and energy demand, which should increase globally by 47% by 2050 as per the US Energy Information Administration, Egypt is aiming to produce 42% of its energy from renewable sources by 2035, a rather ambitious target announced during last year\u2019s COP26.<\/b><\/p>\n

In the quest to combat climate change and remove fossil fuel subsidies, the North African nation in recent years has embarked on a drive to build a green hydrogen industry. The electricity and renewable energy minister called 2022 \u201cthe year of green hydrogen\u201d.<\/p>\n

But what is green hydrogen, how is it produced, and can Egypt become a global producer?<\/p>\n

What is green hydrogen?<\/b><\/p>\n

Hydrogen is a colourless, odourless, and highly flammable gas that is generated through a chemical process known as electrolysis. Electricity is used to break down water molecules (H2O) into oxygen (O2) and hydrogen (H2).<\/p>\n

There are many types of hydrogen and they are categorised in colours. Green hydrogen is generated through renewable energy that does not emit carbon dioxide or residue in the atmosphere. Thus, it helps decarbonise the planet, which sees 830 million tonnes of CO2 emitted annually.<\/p>\n

Hydrogen can be used in multiple industries, including energy-intensive ones such as the production of steel and iron, cement, paper, and aluminium. It can also be used as a clean fuel for vehicles, airships, and spaceships.<\/p>\n

Downsides<\/b><\/p>\n

The main traits of green hydrogen make it a favourable alternative fuel, yet it has a set of drawbacks.<\/p>\n

Though less flammable than fuel, hydrogen remains volatile and flammable. It is also odourless, which makes it difficult to detect leaks.<\/p>\n

Energy generated from renewable sources is normally more expensive than traditional fossil fuels, and green hydrogen is no exception. It even got costlier as the ongoing war in Ukraine has sent energy prices soaring. According to S&P Global Commodity Insights, the cost of electrolytic hydrogen almost tripled in late July 2022.<\/p>\n

Introducing hydrogen to replace other forms of fuel is also quite costly and time-consuming as it would require the installation of new industrial processes, equipment, and supply chains; a whole new infrastructure base will have to be built from scratch.<\/p>\n

Will Egypt be a global green hydrogen hub?<\/p>\n

Egypt, the host of COP27, has signed dozens of deals with foreign companies to build green hydrogen plants, mostly in the Suez Canal Economic Zone (SCZone). The companies include Norwegian company Scatec, Danish shipping firm Maersk, France\u2019s EDF Renewables, and Emirati renewable energy company Masdar.<\/p>\n

More recently, the Qatar Investment Authority (QIA) said it is considering investing in a green hydrogen and ammonia project in SCZone, according to media reports.<\/p>\n

Some of Egypt\u2019s green hydrogen preliminary agreements are expected to turn into binding deals during COP27. The Egyptian government is also poised to announce a National Hydrogen Strategy during the conference.<\/p>\n

Egyptian President Abdel Fattah al-Sisi first ordered the drafting of the strategy in 2021. Since then, the SCZone, the ministries of Petroleum and Electricity and Renewable Energy, and the Sovereign Fund of Egypt have been cooperating to establish this new industry in Egypt.<\/p>\n

The European Bank for Reconstruction and Development (EBRD) has worked with the government to draft the strategy, which \u201cwill pave the way for Egypt to become one of the global leaders in the low-carbon hydrogen economy, acquiring an 8% market share of globally traded hydrogen\u201d.<\/p>\n

What will Egypt do with green hydrogen?<\/b><\/p>\n

Egypt\u2019s production of green hydrogen will open a myriad of export opportunities amid increasing global demand, a tempting prospect for the most populous Arab nation that ran a current account deficit of $16.6bn in the last fiscal year ending 30 June.<\/p>\n

According to the Egypt cabinet, the new strategy will see green hydrogen contribute between $10-$18 billion to Egypt\u2019s GDP by 2025.<\/p>\n

By then, green hydrogen\u2019s production cost in Egypt would be $2.7\/km, which will be slashed to a more competitive $1.7\/km in 2050.<\/p>\n

The strategy will add 100,000 jobs and decrease the country\u2019s reliance on hydrocarbons, the cabinet says.<\/p>\n

What gives Egypt an edge?<\/b><\/p>\n

Egypt has demonstrated qualities that could help it achieve its green hydrogen aspirations, including the overflowing and cheap cost of solar and wind power, in addition to its location on the Mediterranean.<\/p>\n

…will pave the way for Egypt to become one of the global leaders in the low-carbon hydrogen economy.<\/p>\n

\u201cThe African continent is very rich and diversified in terms of resources. All countries have their competitive features and development potential. When it comes to Egypt, the local authorities have shown strong will and determination to act against climate change,\u201d EDF Renewables said in a statement sent to The Africa Report.<\/p>\n

It added: \u201cEgypt has abundant renewable energy sources generated from wind and solar resources, in addition to its robust transmission network and a unique geographical location.<\/p>\n

\u201cEgypt has strong positioning and shares the common values of global climate action. By hosting COP27, Egypt is affirming its ambitions for becoming an unavoidable turning point in international climate efforts.\u201d<\/p>\n

For More News And Analysis About Angola<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. With a growing population and energy demand, which should increase globally by 47% by 2050 as per the US Energy Information Administration, Egypt is aiming to produce 42% of its energy from renewable sources by 2035, a rather ambitious target announced during last year\u2019s COP26. In the quest to combat climate change […]<\/p>\n","protected":false},"author":84,"featured_media":19942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,337,329],"class_list":["post-19943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"\nGreen hydrogen: What is it, and can Egypt become a leading producer? - Angola<\/title>\n<meta name=\"description\" content=\"With a growing population and energy demand, which should increase globally by 47% by 2050 as per the US Energy Infor ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green hydrogen: What is it, and can Egypt become a leading producer?\" \/>\n<meta property=\"og:description\" content=\"With a growing population and energy demand, which should increase globally by 47% by 2050 as per the US Energy Infor ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-09T09:02:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-09T12:22:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/11\/postQueueImg_44-636b9b633d9e3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"732\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Green hydrogen: What is it, and can Egypt become a leading producer?\",\"datePublished\":\"2022-11-09T09:02:50+00:00\",\"dateModified\":\"2022-11-09T12:22:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer\"},\"wordCount\":843,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/11\/postQueueImg_44-636b9b633d9e3.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/green-hydrogen-what-is-it-and-can-egypt-become-a-leading-producer\",\"name\":\"Green hydrogen: What is it, and can Egypt become a leading producer? 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