Surprise.. Will Egypt become the largest supplier to the European market in the field of green hydrogen?

To take serious steps in this regard on the sidelines of the COP27 Climate Summit, Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, held a meeting in Sharm El Sheikh with a Belgian delegation from the Antwerp Port Authority and Demi and Greenville companies. The meeting reviewed the proposed future activities for cooperation between the two sides to benefit from the Clean fuels represented by natural gas and green hydrogen.

 Egypt is one of the most suitable countries to invest in

In a serious step in this regard, the Belgian delegation presented the capabilities and expertise that can be provided to Egypt in the field of benefiting from clean fuel sources, stressing their interest in the Egyptian market and that Egypt is one of the most suitable countries to invest in clean energy activities and projects and to expand the work of Belgian companies to implement this type of projects, especially Natural gas is the fuel of the transitional phase towards the transition to clean energy in light of the development of technologies that allow it to be used as a liquid in many activities.

The Belgian delegation pointed to the great importance of Egypt in the field of green hydrogen, praising the steps that Egypt is currently taking to enter this industry in a way that it can become one of the largest suppliers to the European market and the Eastern Mediterranean, especially since the race began globally in the field of hydrogen, noting that the progress made by Egypt in Hydrogen projects put it in a good position globally in this field, in addition to being qualified to be at the forefront of African countries capable of switching to renewable energies.

Facilities for Egypt

For his part, El-Molla stressed that there are important efforts between Egypt and Belgium to enhance cooperation in the energy field to achieve mutual benefit, pointing to the importance of oil ports, infrastructure and facilities that Egypt enjoys as a key factor in the success of energy cooperation projects with all European partners.

Representatives of the Belgian company Demi praised Egypt's efforts to reduce emissions, pointing out that the success stories achieved by the company in energy projects in the port of Antwerp can be applied in Egypt

Green shift

In a related context, Dr. Hani Hafez, a member of the Board of Directors of the Health Care Chamber of the Federation of Industries, revealed that in conjunction with Egypt’s organization of the COP27 Climate Summit, companies operating in the medical care sector are keen to continue their investment plans towards a green transformation, in order for their activities to comply with environmental requirements to limit high rates of pollution.

A threat to humanity

Hafez added that the climate conference came at a time when the world is suffering from the negative effects of climate changes that have increased after industrial wealth, and it was necessary for everyone to unite to confront this danger that threatens the existence of humanity, and despite the fact that the investments of the medical sector are among the least polluting to the environment. However, all those in charge of it were keen to respond; calls for the need to preserve the environment by allocating investments in millions of pounds; To make their medical institutions and companies compatible with the environment, and implement Egypt's strategy towards transforming into a green economy.

 Medical company investments

The member of the Board of Directors of the Health Care Chamber indicated that the investments of medical companies for the green transformation will enhance the consumption of clean energy by relying on solar energy; To meet its needs, reduce its consumption of electricity, invest in recycling medical waste, reduce water waste and safely reuse it, and increase the percentage of planted areas of trees in order to reduce carbon dioxide, explaining that the companies’ plans came at a difficult time as a result; Due to the decline in its revenues from the effects of the Russian-Ukrainian war, it is keen to implement these investments as a social responsibility.

 Low interest loans

Hafez added that many hospitals and medical centers in Egypt have become a model for green transformation globally, as a number of them use them to provide advice to other companies towards achieving environmental sustainability, calling for the necessity of providing low-interest or zero-interest loans; To encourage companies operating in the medical sector and the private sector to switch green, as they require high investments that some companies cannot afford.