Engineer Tariq al-Mulla, Minister of Petroleum and Mineral Resources, participated in a discussion session entitled "Green Industry ... The road to cop27 climate summit" as part of the Egypt Can Industry Conference organized by the Ministry of Immigration and Egyptian Affairs abroad.
During the session, Al Mulla stressed that Egypt's hosting of the COP27 World Climate Summit is an international appreciation for Egypt's efforts to reduce carbon emissions and preserve the environment, noting that Egypt adheres to all international agreements and initiatives to preserve the environment and reduce emissions, and succeeded in maximizing the use of natural gas, which is the optimal fuel in the transition towards a full energy transformation in the framework of its sustainable energy strategy launched in 2016 to improve the energy mix used to reach about 65% of the total fossil fuel consumption as well as to maximize the use of renewable energy with the ambitious goal of using it for 42% of power generation by 2035.
The minister added that the national strategy for sustainable energy is being updated to include hydrogen as clean fuel, which a national committee is preparing a national strategy for its use in Egypt, pointing out that the past period witnessed the signing of agreements and protocols of cooperation with major international pioneers in hydrogen production technologies and clean energies. Egypt's hydrogen production allows Egypt to become a hub for energy in all its forms to Europe, which is the largest consumer of hydrogen.
The minister stressed that the availability of natural gas resources contributed to raising the exports of fertilizers and supporting the Egyptian economy.
The minister pointed to the most important ongoing projects to exploit agricultural waste and turn it into products that contribute to reducing the import gap, such as the MDF rice straw wood panel production project, which is an important step to recycle waste in production projects and spare the environment the damage of those wastes.
Al Mulla stressed that Egypt represents African and developing countries at COP27 and that it is responsible for presenting and highlighting the challenges facing these countries in exploiting the available energies, pointing out that the conference will see Egypt present an African initiative aimed at providing access to its energy resources and providing the necessary funding and technologies to support the efforts of the energy transformation of the black continent realistically suited to its situation and the requirements of its people. stressing that COP27 will also see a day dedicated to showcasing carbon reduction efforts involving companies presenting their efforts in reducing emissions and reaching carbon neutrality using modern technologies.