A framework agreement was signed by Masdar, its consortium partners Infinity Power Holding and Hassan Allam Utilities, and prominent state-backed institutions in Egypt for the development of a 2 GW green hydrogen project in the Suez Canal Economic Zone (SCZONE).
The $5 billion Neom project in the northwest of the kingdom is “very much on pace” to be completed as planned in 2026.
H2Pro, an Israeli hydrogen startup, and Gaia Energy, a Moroccan renewable energy producer, inked a memorandum of agreement to deliver green hydrogen during COP27.
A Memorandum of Understanding (MoU) between H2-Industuries and the Egyptian waste management systems company was signed in order to establish a supply of the necessary feedstock for a waste-to-hydrogen plant that is slated to be built at East Port Said in the Suez Canal Economic Zone, Egypt.
At the climate summit, Prime Minister Rutte and Oman’s Minister of Energy signed a statement on green hydrogen. Rutte claims that this is a crucial component of a future energy supply free of fossil fuels.
The Minister of Foreign Affairs mentioned in his speech some general contours of the restructuring process, the need for significant investments in renewable energy throughout the transition.
The Kingdom actually demonstrates that “green hydrogen” constitutes the next major development in the world of energy in light of its radical advantages, so it is obvious that Europe will tend to promote stronger sustainable energy relations and alliance with the Kingdom in the world’s green energy transformations.
The first phase of the UAE’s national hydrogen strategy, which consists of ten pillars, has been completed, according to Sharif Al Olama, undersecretary of the ministry of energy and infrastructure for energy and petroleum affairs.
The Suez Canal Economic Zone (SCZone), which will receive investments totaling more than $1 billion, is the subject of a new investment initiative being looked into by the Qatar Investment Authority.
The facility will be a component of Neom, a city that was created from the ground up in the northwest desert with the goal of creating a new paradigm for sustainable living.
