EGYPT HAS INVESTED IN PROJECTS WORTH $ 63.8 BILLION , OMAN WITH PROJECTS WORTH $ 48.9 BILLION , SAUDI ARABIA AND UAE HAVE INVESTED $ 10.5 BILLION AND $ 10.28 BILLION .
DISRUPTIVE TECH
Green hydrogen is one of the world ’ s great keys to meeting growing energy needs . Strong hydrogen demand growth and the adoption of clean technologies for its production are set to drive global decarbonisation efforts , particularly in more challenging sectors , such as heavy industry and transport . The Middle East is set to play a major role in the development of the global green hydrogen industry and supply chain . Much of the region holds significant advantages in the production of green energies , due to abundant , low-cost solar energy .
The Gulf is already home to some of the largest and most advanced hydrogen projects . For instance , the NEOM Green Hydrogen Project in Saudi Arabia will produce 1.2 million t per y of green ammonia for export . Another example is Oman ’ s green hydrogen auction process , which awarded five large-scale projects in its first round , totalling $ 30 billion investments and 750 ktpa green hydrogen production .
Egypt recently signed an MoU to build a green hydrogen factory in the Suez Canal Economic Zone , which will produce 20,000 tonnes of green hydrogen a year , with investments worth $ 8 billion . Such investments will not only generate regional income streams and help secure energy supply , but also promote economic diversification .
According to a MEED intelligence report , North African nation Egypt has invested in projects worth $ 63.8 billion , while Oman follows with projects worth $ 48.9 billion . Saudi Arabia and the UAE have invested in projects worth $ 10.5 billion and $ 10.28 billion , respectively .
Egypt , in particular , with its generous access to wind and solar , and billion-dollar port upgrade plan , has set its sights on becoming a key global green hydrogen player . From a regional standpoint , the race is on to discover who will take pole position in the industry ’ s next phase of development .
EGYPT HAS INVESTED IN PROJECTS WORTH $ 63.8 BILLION , OMAN WITH PROJECTS WORTH $ 48.9 BILLION , SAUDI ARABIA AND UAE HAVE INVESTED $ 10.5 BILLION AND $ 10.28 BILLION .
produce , transport , and consume green hydrogen needs to be broader and encompass more stakeholders . Such efforts call for rigorous regional and global collaboration .
Green hydrogen requires costly transportation to supply large export markets in Europe and East Asia from Middle Eastern source markets . According to a report from management consultants Strategy &, the green hydrogen market will be won in the supply chain .
The best way for GCC producers to supply large export markets is to use renewable energy to convert green hydrogen to green ammonia . GCC producers would then crack the ammonia at the export destination to extract the hydrogen for end use .
The global green hydrogen economy is challenging because it is as yet uncharted . To succeed , its burgeoning ecosystem will need to be able to adjust to unique requirements and many unsettled elements . Optimising production will rely on visibility across
Evgeny Fedotov , Senior Vice-President and Head of Europe , Middle East and Africa , AVEVA
In future , hydrogen-powered vehicles could improve air quality and promote energy security . Hydrogen can also store energy from renewable sources , making it a crucial component of the transition to a low-carbon economy . Ultimately , a globally sustainable and reliable non-fossil fuel energy system could be realised through hydrogen , using renewable energy sources instead of fossil fuels like natural gas .
Yet , given the diverse networks within the global energy ecosystem , ushering in the green hydrogen era will require a considered approach . How we
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