Thursday 21 Nov
Engineer Mohamed Shimy, Minister of Public Business Sector, met with a delegation from German companies and the German-Arab Chamber of Industry and Commerce to explore opportunities for cooperation in green transformation and clean energy.
The discussions focused on the production and export of green hydrogen, a key component of Egypt's strategy to achieve carbon neutrality and reduce its reliance on fossil fuels. By utilizing green hydrogen in industries such as fertilizer and aluminium production, Egypt aims to sustain its exports and expand into global markets.
Minister Shimy emphasized Egypt's
potential to become a regional hub for green hydrogen production and export,
leveraging its abundant renewable energy resources, particularly solar and wind
power. The government is actively working to enhance its capabilities in this
sector and attract both domestic and international investment.
The public business sector is
already taking steps to implement green hydrogen projects. The National
Fertilizer Company, in partnership with private sector entities, is initiating
a project to produce green ammonia. Additionally, a collaboration with the
Norwegian company Scatec is underway to establish a solar power plant for the
Nag Hammadi aluminum complex.
The German delegation proposed
conducting a feasibility study to explore the potential for expanding green
hydrogen utilization and export through a maritime link between Egypt and
Europe. They also announced plans to host a global conference in Egypt next
year to discuss the broader implications of green hydrogen and carbon
neutrality in the region.
Attending the meeting were representatives from INP Egypt, ThyssenKrupp Uhde Egypt, the German-Arab Chamber of Industry and Commerce, and the Egyptian Ministry of Public Business Sector, and various officials.
