Investment Trends in MENA’s Hydrogen Sector in 2023
As a founder member of World Hydrogen Leaders I believe the community may find this report of interest?
According to a techno-economic assessment in the Hydrogen Council’s Global Hydrogen Flows report, the MENA region possesses substantial hydrogen potential. The analysis indicates that the region could produce up to 1,088 million tonnes per annum of hydrogen in 2050, equivalent to 27% of the global hydrogen production potential.
Despite certain constraints, the MENA region is anticipated to be a highly competitive player in low-carbon hydrogen production and exports. Ambitions in the region are growing, with announced clean hydrogen investments through 2030 rising by 80% since January 2023 to reach USD 54 billion as of October 2023. This represents about 9.5% of the total USD 570 billion in announced global investments in hydrogen value chains expected by the end of this decade