{"id":566326,"date":"2021-06-13T13:46:42","date_gmt":"2021-06-13T13:46:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/and-speaking-of-that-green-hydrogen-plan\/"},"modified":"2021-06-13T13:46:42","modified_gmt":"2021-06-13T13:46:42","slug":"and-speaking-of-that-green-hydrogen-plan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/and-speaking-of-that-green-hydrogen-plan\/","title":{"rendered":"And speaking of that green hydrogen plan..."},"content":{"rendered":"

<\/a> We may be seeing major announcements soon in green hydrogen as part of an initiative <\/strong>that could cost some<\/strong> USD 3-4 bn at its early stages<\/strong>, Electricity Minister Mohamed Shaker told reporters<\/a> on the sidelines of the ongoing forum of the heads of African investment promotion agencies in Sharm El Sheikh. Studies for one of several planned green hydrogen plants is expected to be finalized and presented to the Sovereign Fund of Egypt (SFE) and other state bodies including the oil and environment ministries as early as next week.<\/p>\n

Why the SFE? <\/strong>The fund has a mandate to promote investment in several priority sectors, among which is energy and electricity, by partnering with private sector investors and bringing them on board to hold majority stakes. Marketing of the green hydrogen plants will happen alongside a separate bid to sell<\/a> a large stake in one of Egypt\u2019s three giant Siemens-build combined cycle electricity plants to a private sector player.<\/p>\n

Who else is taking part? <\/strong>Siemens is expected to play a role in the pilot project under an MoU it signed with Shaker\u2019s ministry earlier this year<\/a>. The German giant had partnered with the government on a number of recent projects including the world\u2019s three largest combined-cycle power plants<\/a> a few years back, the New Administrative Capital\u2019s national electricity control center<\/a> last year and an upcoming 500 MW wind power plant<\/a>.<\/p>\n

Background: <\/strong>The government recently said it\u2019s exploring green hydrogen, which is produced without burning fossil fuels, as an alternative source to power industry and eventually be exported abroad. The fuel is expected to be integrated into the government\u2019s 2035 energy strategy.<\/p>\n

IN OTHER ENERGY NEWS- <\/strong><\/p>\n

Taqa Arabia\u2019s Master Gas has signed a EGP 1.2 mn contract with transport and logistics company <\/strong>Ostool to install dual-fuel engines in its fleet of over 250 vehicles, <\/strong>which would make the cars run on both diesel fuel and natural gas, according to a press release (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We may be seeing major announcements soon in green hydrogen as part of an initiative that could cost some USD 3-4 bn at its early stages, Electricity Minister Mohamed Shaker told reporters on the sidelines of the ongoing forum of the heads of African investment promotion agencies in Sharm El Sheikh. Studies for one of […]<\/p>\n","protected":false},"author":1,"featured_media":566327,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10061],"tags":[93,633,254,245,150,484,368],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-566326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-energy","tag-energy","tag-enterprisepm","tag-green-hydrogen","tag-mohamed-shaker","tag-renewable-energy","tag-siemens","tag-sustainability","wpautop","entry"],"acf":{"mongo_id":"fe7a15bc-d122-4bdd-9aab-2af8f4f37393","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/468.jpg","photo_position":"above","related_issue":[566320],"teaser":"","voice_url":""},"yoast_head":"\nAnd speaking of that green hydrogen plan... - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/13\/and-speaking-of-that-green-hydrogen-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"And speaking of that green hydrogen plan...\" \/>\n<meta property=\"og:description\" content=\"We may be seeing major announcements soon in green hydrogen as part of an initiative that could cost some USD 3-4 bn at its early stages, Electricity Minister Mohamed Shaker told reporters on the sidelines of the ongoing forum of the heads of African investment promotion agencies in Sharm El Sheikh. 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He added that we could be seeing a hydrogen project up and running by October 2022,\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/559.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566710,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/08\/one-plus-one-makes-two\/","url_meta":{"origin":566326,"position":1},"title":"One plus one makes two","author":"enterpriseam admin","date":"8 July 2021","format":false,"excerpt":"Eni is on board with the government\u2019s clean hydrogen plans: Italy\u2019s Eni will work on feasibility studies to produce green and blue hydrogen under an MoU signed with state-owned Egyptian Natural Gas Holding Company (EGAS). Eni will help authorities explore projects to produce green hydrogen from renewable energy, as well\u2026","rel":"","context":"In "SPEED ROUND: GREEN ECONOMY"","block_context":{"text":"SPEED ROUND: GREEN ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-green-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/364.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557721,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/29\/citibank-could-be-on-board-to-finance-renewable-energy-green-hydrogen-projects-in-egypt\/","url_meta":{"origin":566326,"position":2},"title":"Citibank could be on board to finance renewable energy, green hydrogen projects in Egypt","author":"enterpriseam admin","date":"29 September 2021","format":false,"excerpt":"Citi to finance power projects? Citibank could provide financing for renewable energy, desalination, and green hydrogen projects in Egypt, the Electricity Ministry said yesterday following a meeting between Minister Mohamed Shaker and a senior bank official.NBE to open branch in Saudi: The Saudi cabinet has granted a license to the\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553530,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/sfe-to-sign-3-4-green-hydrogen-production-agreements\/","url_meta":{"origin":566326,"position":3},"title":"SFE to sign 3-4 green hydrogen production agreements","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"The Sovereign Fund of Egypt (SFE) will sign 3-4 green hydrogen production projects in the upcoming period, SFE CEO Ayman Soliman said yesterday, without disclosing further details, Bloomberg Asharq reported. Our first-ever green hydrogen facility is currently being built in Ain Sokhna by a consortium comprising Norway\u2019s Scatec, Orascom Construction,\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545950,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/18\/el-sisi-meets-with-us-senators-more-green-energy-talks\/","url_meta":{"origin":566326,"position":4},"title":"El Sisi meets with US senators + more green energy talks","author":"enterpriseam admin","date":"18 April 2022","format":false,"excerpt":"President Abdel Fattah El Sisi met last week with a US Congressional delegation headed by Sen. Richard Shelby, according to an Ittahidya statement. The meeting \u2014 which discussed ways to strengthen bilateral relations and touched on regional and international issues \u2014 was also attended by Foreign Minister Sameh Shoukry, who\u2026","rel":"","context":"In "Diplomacy"","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545523,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/scatec-inks-ain-sokhna-green-hydrogen-pact-with-sfe-and-oc\/","url_meta":{"origin":566326,"position":5},"title":"Scatec inks Ain Sokhna green hydrogen pact with SFE and OC","author":"enterpriseam admin","date":"3 April 2022","format":false,"excerpt":"Welcome to our much greener future: The Sovereign Fund of Egypt (SFE), Norway\u2019s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe and Orascom Construction signed an agreement on Thursday to establish and operate their planned 100 MW green hydrogen plant in Ain Sokhna, according to a cabinet statement.Who\u2019s doing what: The facility\u2026","rel":"","context":"In "GREEN ENERGY"","block_context":{"text":"GREEN ENERGY","link":"https:\/\/enterpriseam.com\/egypt\/category\/green-energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/86.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=566326"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/566326\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/566320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/566327"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=566326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=566326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=566326"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=566326"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=566326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}