Meed | Market snapshot of Mena hydrogen projects

Market snapshot of Mena hydrogen projects

23 December 2022

Key points:

> PROJECT LAUNCHES: The acceleration in the market is reflected by the rapid increase in announced projects. In the first quarter of 2022, there was the equivalent of one new project announced a week.

> ACTIVE PROJECTS: While hydrogen is fast emerging as Mena states seek to take advantage of cheap solar energy and enhance their position as global energy exporters, only two projects so far are under construction (Ain Sokhna pilot and Neom).

> FORECAST DEMAND: Thanks to factors such as net-zero targets, diversity and security of supply, and increasing gas prices, demand for hydrogen is expected to increase dramatically. As more production comes onstream and technology improves, the average cost of green hydrogen is forecast to decrease to about $2 a kilo in 2030 from $5 today.

Click here to watch MEED's hydrogen projects webinar

Topics covered in the presentation:

1. Summary of the Middle East and Africa hydrogen projects market

2. Description of each hydrogen project, including major programme elements

3. Project capex value and output volume analysis

4. Blue, green and grey hydrogen production analysis

5. Long-term capital expenditure outlays and forecasts

6. Progress on hydrogen projects

7. Identification of top countries and clients

8. Key drivers and challenges going forward

9. Renewable energy demand assessment

10. Q&A