Egypt aims to capture 5-8% of global green hydrogen market: Electricity Minister

Egypt is aiming to seize between 5-8 percent of the international commercial market for green hydrogen, according to the country's Minister of Electricity, Mohamed Shaker. Shaker disclosed that a national strategy is currently being finalized and will be soon presented to the National Hydrogen Council for approval by the Supreme Council of Energy. Shaker emphasized that green hydrogen is predicted to expand swiftly in the years ahead, acting as a significant driver of the energy transformation and contributing to global decarbonization efforts. The strategy was outlined at COP27 held in Sharm El-Sheikh in November 2022. Egypt aspires to establish itself as a world leader in the low-carbon hydrogen economy, capitalizing on its renewable energy resources and strategic geographical location. The country's strategy includes ambitious plans to represent 5-8% of the global commercial market for green hydrogen.