Egypt approves draft law to promote green hydrogen projects

The meeting was chaired Prime Minister Mostafa Madbouly.

The legislation, designed to incentivise environmentally friendly initiatives, applies to projects involved in the production of green hydrogen and its various by-products, provided that agreements are reached within five years of the law's implementation, according to a Arabic language press statement issued by the Cabinet.

The law encompasses a wide array of initiatives, including the establishment of green hydrogen production plants, desalination plants that allocate a portion of their production to green hydrogen, renewable energy facilities dedicating at least 95 percent of their output to green hydrogen and desalination plants, as well as projects focused on the transportation, storage, and distribution of green hydrogen. It also covers ventures engaged in manufacturing raw materials for green hydrogen plants.