The MENA region is emerging as having the potential to be world leaders in the production of green hydrogen and steel.
Fortescue Future Industries is looking towards the Middle East and North Africa for the renewable energy to make green hydrogen. FFI plans to develop a 9.2 GW wind and solar facility in Egypt to power green hydrogen production. This green hydrogen could then be used to make green steel.
“Egypt is on the way to becoming a global powerhouse in the green energy value chain and will be ready to show the world that at COP27,” in Queensland which should be in production by the end of 2023. Recent comments by Twiggy Forrest indicate that even this quantity might not be enough to satisfy FFI’s goals.A new report from the Institute for Energy Economics and Financial Analysis suggests that MENA would be best served to use this proposed green hydrogen supply for the production of carbon-neutral steel.