{"id":610680,"date":"2023-11-26T00:00:00","date_gmt":"2023-11-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/26\/national-green-hydrogen-council-approves-green-hydrogen-strategy\/"},"modified":"2023-11-26T00:00:00","modified_gmt":"2023-11-26T00:00:00","slug":"national-green-hydrogen-council-approves-green-hydrogen-strategy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/26\/national-green-hydrogen-council-approves-green-hydrogen-strategy\/","title":{"rendered":"National Green Hydrogen Council approves green hydrogen strategy"},"content":{"rendered":"

Another step towards a green hydrogen strategy:<\/strong> The National Green Hydrogen Council approved the national strategy for green hydrogen on Wednesday ahead of passing it to the Supreme Council of Energy, according to a cabinet statement<\/a>.<\/p>\n

A strategy that gets buy-in from major national and global developers could unlock 10s of bns of USD worth of new investment <\/strong>in solar and wind energy as well as in the building and running of green hydrogen facilities. The Madbouly government is planning a world-scale green hydrogen program that could also give birth to a domestic industry building components ranging from solar panels to bases for wind mills.<\/p>\n

What we know:<\/strong> Under a draft decision<\/a> approved by the Madbouly cabinet in May, companies that implement green hydrogen projects within five years will receive tax breaks of 33-55% on income and pay no VAT on raw materials, plant and machinery bought for the plants. <\/p>\n

Ambitious targets:<\/strong> Egypt wants to provide 5-8% of the world\u2019s hydrogen and reduce annual carbon emissions by 40 mn tons by 2040, according to the statement. The strategy also aims to create 100k jobs and add USD 10-18 bn to GDP by the end of the next decade.<\/p>\n

Refresher: <\/strong>The strategy aims to provide a regulatory framework for the local production of green hydrogen and has been in the works<\/a> since 2021. It\u2019s being formulated by the government with help from the European Bank for Reconstruction and Development. The strategy was set to be unveiled<\/a> during the COP27 summit in Sharm El Sheikh last November, but has seen multiple delays.<\/p>\n

Egypt is going big on green hydrogen:<\/strong> The government signed several framework agreements<\/a> for green hydrogen projects over the past year, the most recent of which was with China Energy for a USD 6.75 bn plant that will produce<\/a> 1.2 mn tons of ammonia and 210k tons of hydrogen a year.<\/p>\n

ALSO- Egypt exported its first shipment of certified green ammonia:<\/strong> Fertiglobe, a JV between Adnoc and the Sawiris-owned OCI, announced<\/a> last week it had shipped the world\u2019s first ISCC PLUS-certified (International Sustainability and Carbon Certification) green ammonia. The ammonia was produced at the company\u2019s pilot green hydrogen electrolyzer in Egypt and was shipped to India where it will be used by Unilever to produce soda ash.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt wants to produce 5-8% of global hydrogen by 2040 under the strategy<\/p>\n","protected":false},"author":1,"featured_media":610681,"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":[7207],"tags":[93,72,1585,1382,254,151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-fertiglobe","tag-green-ammonia","tag-green-hydrogen","tag-renewables","wpautop","entry"],"acf":{"mongo_id":"ce49e9e0-e5ac-4a4b-ab10-86a56d08ec26","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1318.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s green hydrogen council approves green hydrogen strategy","related_issue":[610671],"teaser":"Egypt wants to produce 5-8% of global hydrogen by 2040 under the strategy","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.20f8f1fb-2fdc-48ef-a99f-69d91c30a887.mp3"},"yoast_head":"\nNational Green Hydrogen Council approves green hydrogen strategy - 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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":582858,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/09\/energy-china-could-start-work-on-a-usd-5-1-bn-green-hydrogen-plant-in-may\/","url_meta":{"origin":610680,"position":1},"title":"Energy China could start work on a USD 5.1 bn green hydrogen plant in May","author":"enterpriseam admin","date":"9 March 2023","format":false,"excerpt":"The company signed an MoU for the plant late last year","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\/2023\/3\/Green-hydrogen-plant-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":558761,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/25\/we-just-took-another-step-towards-our-green-hydrogen-ambitions\/","url_meta":{"origin":610680,"position":2},"title":"We just took another step towards our green hydrogen ambitions","author":"enterpriseam admin","date":"25 August 2021","format":false,"excerpt":"Siemens Energy and state-owned Egyptian Electricity Holding Company (EEHC) signed yesterday an MoU to jointly build up the green hydrogen industry in Egypt, potentially growing and further diversifying our exports of renewable energy, according to a cabinet statement. Siemens is already studying a pilot project to produce green hydrogen in\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\/8\/255.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549067,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/01\/anything-for-our-first-green-hydrogen-plant\/","url_meta":{"origin":610680,"position":3},"title":"Anything for our first green hydrogen plant","author":"enterpriseam admin","date":"1 September 2022","format":false,"excerpt":"Cabinet assigned land plots for the solar and wind plants that will power the country\u2019s first green hydrogen plant in its weekly meeting on Wednesday, according to a statement. The alliance behind the 100-MW green hydrogen plant being built in Ain Sokhna \u2014 Norway\u2019s Scatec, Nassef Sawiris-backed ammonia producer Fertiglobe\u2026","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/94.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577886,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/08\/green-hydrogen-and-nwfe-are-key-for-the-private-sector-coming-out-of-cop27\/","url_meta":{"origin":610680,"position":4},"title":"Green hydrogen and NWFE are key for the private sector coming out of COP27","author":"enterpriseam admin","date":"8 December 2022","format":false,"excerpt":"Demystifying two of the biggest opportunities to have come out of COP27 \u2014 green hydrogen and NWFE: Our inaugural Enterprise Climate X Forum kicked off earlier this week with a panel on green hydrogen and the government\u2019s flagship Nexus on Water, Food and Energy (NWFE) program. The panel was a\u2026","rel":"","context":"In "ENTERPRISE CLIMATE X"","block_context":{"text":"ENTERPRISE CLIMATE X","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-climate-x\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/153.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577089,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/09\/fertiglobe-commissions-100-mw-plant-kicking-off-a-big-day-for-green-hydrogen-in-egypt\/","url_meta":{"origin":610680,"position":5},"title":"Fertiglobe commissions 100 MW plant, kicking off a big day for green hydrogen in Egypt","author":"enterpriseam admin","date":"9 November 2022","format":false,"excerpt":"It was a big day for Egypt\u2019s green hydrogen ambitions yesterday as the first phase of Africa\u2019s first integrated green hydrogen plant went into commissioning and AMEA Power set out the details of its 500-MW green hydrogen plant.IT\u2019S LIGHTS ON FOR OUR FIRST GREEN HYDROGEN PLANT-Commissioning kicks off at Ain\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\/2022\/11\/147.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\/610680","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=610680"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/610680\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/610671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/610681"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=610680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=610680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=610680"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=610680"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=610680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}