Cairo (Reuters)
The Egyptian cabinet said yesterday that Egypt aims to increase its gross domestic product between 10 and 18 billion dollars by 2025, as part of the national strategy for green hydrogen that the country intends to announce at the conference of the United Nations on climate COP27.
He said in a statement that the strategy aims to acquire 8% of the hydrogen market globally.
He added: “The cost of production is expected to decrease to reach $ 1.7 / kg in 2050 compared to $ 2.7 / kg in 2025 … which will provide more than 100,000 new jobs, as well as help reduce imports. Egyptian petroleum products, in addition to reducing emissions. “
Egypt, which will host this month’s climate conference in Sharm el-Sheikh, recently signed a series of MoUs for green hydrogen projects, a term that refers to the production of hydrogen using non-renewable energy sources. carbon emissions.
