Africa Could Make €1 Trillion of Green Hydrogen A Year, Eib SaysSource: www.export-egypt.com 12/27/2022, Location: Africa |
|
|
|
|
|
The Egyptian Cabinet's Information and Decision Support Center (IDSC) said that Africa has the potential to produce €1-trillion (R18.3-trillion) worth of green hydrogen a year by 2035, allowing it to export the fuel and boost local industry, according to a study backed by the European Investment Bank.
This came in a report published by Bloomberg global news 27/12/2022. According to the report, by harnessing the world’s best solar energy resource a number of countries on the continent could produce the fuel, which is made by splitting water using renewable energy, at a cost of less than €2 a kilogram by 2030, the EIB and its partners, the AU and the International Solar Alliance, said in the report released. Demand for the clean-burning fuel is surging as the world looks for alternatives to climate-warming fossil fuels and as Europe seeks to lessen its dependence on Russian natural gas, supplies of which have proved unreliable due to the political tension created by Russia’s invasion of Ukraine. Researchers assume that fuel would be produced in three major hubs on the continent - Egypt, a northwestern hub of Morocco and Mauritania and a Southern Africa hub of Namibia and South Africa. While plans to produce the fuel are most advanced in those nations a number of other countries ranging from Algeria to Nigeria and Mozambique have the potential to start production, they said. Egypt would be the biggest producer at 20-million tons per annum, second would be the Southern African hub with 17.5-million tons while Morocco and Mauritania could together produce 12.5-million tons. About half of that, equivalent to 15% of Europe’s gas needs, could be available for export, the researchers said. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | |
