- Egypt and Germany are strengthening their energy cooperation.
- Berlin wants to import green hydrogen from Egypt’s Suez Canal Economic Zone.
Egypt is on track to becoming Africa’s leading producer of green hydrogen, and Germany intends to use this new energy to reduce its reliance on Russia. Egyptian President Abdel Fattah al-Sissi met with German Chancellor Olaf Scholz on the sidelines of the 13th Petersberg Climate Dialogue in Berlin, Germany, to discuss green hydrogen.
During the joint press conference that followed the exchange of the two leaders, the German chancellor expressed his country’s desire to wean itself off Russian gas by relying on alternative energies, mainly green hydrogen, for which Egypt has enormous potential. “For the transformation of industry in countries like Germany, electricity and hydrogen will be crucial,” said Olaf Scholz.
Egypt has an installed capacity of 57,000 MW, which the government plans to increase by focusing on renewable energies, particularly wind and solar. In addition, the North African country is implementing an energy policy that is attracting a large number of private investors.
This is the case of the German company H2-Industries, which has received Egyptian government approval to build a waste-to-hydrogen plant in the East Port-Sad industrial zone. The goal is to produce and export 300,000 tonnes of hydrogen annually while also destroying 4 million tonnes of non-recyclable organic and plastic waste.