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Wednesday, 5 January 2022

Green hydrogen roadmap could be in the works

Green hydrogen plan in the works: Egypt will soon sign an agreement with a foreign consultancy to put together a 12-month strategy to develop the country’s green hydrogen industry, according to Electricity Minister Mohamed Shaker. Last year’s directive from President Abdel Fattah El Sisi to establish Egypt’s green hydrogen strategy could yield an initial phase of green hydrogen projects possibly worth USD 3-4 bn.

Other things we’re keeping an eye on this morning:

  • South Korea’s Korea Hydro & Nuclear Power could work on the construction of the Rosatom-built Dabaa nuclear plant after reaching an early agreement with the Russian state company.
  • PASSAP Home Appliances is planning to inaugurate its EGP 90 mn stove factory by the end of the year, with an eye to earmark 50% of its output for exports.
  • Air Supply Group could soon sign an EGP 250 mn agreement to construct, manage, and operate medical gas production facilities within Kima’s Aswan complex.
  • BelCash is partnering with Orascom Development Holding to offer education financing and home renovation services to Gouna and Makadi Heights residents.

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