The Suez Canal Economic Zone (SCZone) has announced a significant development in its efforts to promote green hydrogen projects and renewable energy partnerships.
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Sovereign funds and government entities in the Gulf states and Egypt are collaborating with international energy firms, pouring billions of dollars into the development of green hydrogen plants.
In a bid to solidify its position as a leading global hub for green hydrogen manufacturing, the Egyptian government has introduced a draft bill that would provide substantial tax incentives to green hydrogen projects.
Egyptian President Abdel Fattah El-Sisi met with representatives from Scatec, a leading renewable energy solutions provider, to discuss significant projects aimed at bolstering the country’s green energy sector.
Morocco’s commitment to fostering national innovation and sustainable development took center stage as King Mohammed VI presided over the presentation ceremony of the country’s first car manufacturer and a hydrogen-powered vehicle prototype.
The European Bank for Reconstruction and Development (EBRD) is working with the European Union (EU) to support green hydrogen projects in the Suez Canal Economic Zone as part of a new green hydrogen strategy being launched in Egypt.
Ironveld PLC, a South Africa-focused mining company, has signed an agreement with Burnstar Technologies Pty Ltd to produce green energy using its patent-pending Guilt-Free Hydrogen technology.
The European Union is set to provide enormous subsidies for a proposed hydrogen pipeline that would stretch from Bavaria, through Austria and Italy, to North Africa.
Finnish wave energy technology developer, AW-Energy Oy, has signed a memorandum of understanding (MOU) with Kaoko Green Energy Solutions (Pty) Ltd to provide its WaveRoller technology for a project aimed at producing hydrogen from renewable energy sources, including wave energy, in Namibia.
The ministers of Austria, Germany, and Italy have jointly written to the European Commission, urging support for a group of infrastructure projects to transport green hydrogen from North Africa, in a bid to create a European market for low-carbon fuel.
