Middle East Looks to $38 Billion of Green Hydrogen in Coming Years

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Researched by Industrial Info Resources (Sugar Land, Texas)--As the global demand for green hydrogen grows, the Middle East is racing to find a footing in the rapidly developing field. Governments and companies in the region are focusing on products such as green hydrogen, green ammonia and green methanol.

Green hydrogen is a carbon-free energy source, used directly or in combination with other elements for the production of fuels or chemicals. Many such projects have been announced across the Middle East, from both public and private companies. Egypt is seeing investment from Saudi Arabia's Public Investment Fund, Fortescue Metals Group Limited (Perth, Australia) and China Energy Engineering Group Company Limited, while the United Arab Emirates (UAE) has attracted interest from ACME Group (Haryana, India) and Oman's OQ.

Industrial Info is tracking 45 active green-hydrogen projects, worth $38 billion, across the Middle East that are expected to kick off in the next three years. Countries accounting for the most investment include Egypt, with 25 projects worth $22.65 billion; Saudi Arabia, with five projects worth $7.2 billion; Oman, with five projects worth $5.4 billion; and the UAE, with 11 projects worth $4.67 billion.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of detailed project reports, and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).