These incentives encompass substantial tax breaks, ranging from 33 percent to 55 percent of due taxes, aimed at stimulating green hydrogen production. Additionally, the government is encouraging the local production of electric vehicles to further enhance the country’s eco-friendly initiatives.
In the ever-evolving landscape of global energy, hydrogen has emerged as a powerful contender in the race towards clean and sustainable fuels. At the forefront of this transition is Egypt, a nation with ambitious plans to harness the potential of hydrogen as a game-changer in the energy market. But Egypt’s vision goes beyond its borders; it calls for the establishment of a global entity akin to OPEC, one that can coordinate the fragmented hydrogen market and foster cooperation rather than competition.
Egypt’s vision of becoming a global player in the green hydrogen sector took significant strides forward as Chairman of the General Authority for the Suez Canal Economic Zone, Walid Gamal El Din, concluded a successful visit to the Netherlands. During his visit, he engaged in extensive discussions with major international companies in the maritime transport, port, and ship bunkering industries, both for traditional and green fuels.
Egyptian Cabinet approves establishment of National Council for Green Hydrogen As part of the nation’s strategy to encourage sustainable social…
In a bid to strengthen bilateral cooperation and foster sustainable development, Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, engaged in discussions with South Korean Ambassador to Cairo, Kim Young Hyun.
In a groundbreaking development poised to reshape Egypt’s energy trajectory, Dalia Samir, co-chair of Egypt’s Hydrogen Company, has unveiled a pivotal partnership agreement with China’s industry giant, “Beric.”
Egypt’s commitment to a greener and more sustainable future has taken a notable step forward with the Egyptian Electricity Transmission Company (EETC) potentially claiming a stake in the country’s burgeoning green hydrogen projects.
In a stride towards sustainable energy solutions, Egypt’s Prime Minister Mostafa Madbouly has unveiled a transformative plan to establish a monumental green hydrogen station within the country. While the name of the foreign company behind this ambitious endeavor remains undisclosed, the project’s potential impact on Egypt’s energy landscape is already sending ripples of anticipation.
The Chairman of the Board of Directors of the Egyptian Hydrogen Company, Eng. Khaled Naguib, has called for a strategic partnership between Egypt and Saudi Arabia to establish a strong foothold in the hydrogen market.
Egypt is making significant strides in embracing green hydrogen technology, as Prime Minister Mostafa Madbouly reaffirms the country’s commitment to boosting its competitiveness in the field.
