Green hydrogen is a type of hydrogen produced through the electrolysis of water using renewable energy sources. The process of electrolysis splits water molecules into hydrogen and oxygen atoms using an electric current.
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The hydrogen produced can be used in a variety of ways, including as a fuel for vehicles or as a way to store energy. A key advantage of green hydrogen is that it does not produce greenhouse gas emissions when used. This is in contrast to traditional hydrogen, which is produced from natural gas and emits carbon dioxide when burned. Green hydrogen can therefore help to reduce greenhouse gas emissions and combat climate change.
Several green hydrogen projects are being lined up in countries such as Oman, Egypt, Saudi Arabia, Morocco, and UAE amongst others. At present, there are over 45 known green hydrogen and ammonia projects across the MENA region, with an expected total budget of over USD 92 billion.
Rise in investment in Green Hydrogen is anticipated to augment industry growth.
The Government is focused on decarbonizing the MENA economy, in which green hydrogen would play a crucial role. Saudi Arabia and the United Arab Emirates are portraying themselves as frontrunners. For instance, in 2021, Saudi Arabia formed a strategic green hydrogen development alliance with Germany to generate, process, utilize, and transport clean hydrogen, marking a significant step forward as the Kingdom ramps up its green hydrogen production. “The development of green hydrogen is now being driven mostly by hydrogen developers such as NEOM, ACWA Power, Masdar, and OQ.” These players are aided by the public sector, which is responsible for enabling factors such as hydrogen valleys, access to technology, clear legislation, and the availability of human resources.
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Market Segmentation
By Technology
- Proton Exchange Membrane (PEM) Electrolyzer
- Alkaline Electrolyzer
- Others
By Application
- Power Generation
- Chemical Feedstock
- Transportation
- Others
By Country
- UAE
- Saudi Arabia
- Morocco
- Egypt
- Qatar
- Kuwait
- Oman
- Rest of MENA
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Major Players in the Middle East/North Africa (MENA) Green Hydrogen Market
The key players in the Middle East/North Africa (MENA) green hydrogen market are Hydrogen System, Air Liquide, Siemens Energy (Siemens AG), ENGIE, Cummins, Air Product, Thyssenkrupp, Linde plc., McPhy Energy, and Aashi Kasei Corporation, CWP Global, Total Eren, OQ, InterContinental Energy, EnerTech, Scatec, ACME, Globeleq, K&K Group, EDF, Renew Power, Hassan Allam Holding, Tatweer, among others.
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