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BRUSSELS, March 26, 2024 – Developing renewable hydrogen production in Africa would allow African nations to meet domestic electricity needs while becoming a major exporter to supply growing global demand, a new report released today by the Hydrogen Council finds. The Africa Hydrogen Opportunity, co-authored by McKinsey & Company, highlights that Africa is exceptionally well-positioned to produce renewable hydrogen [...]

Consequently, the continent is strongly positioned to become a renewable hydrogen and derivatives producer and exporter. Using these renewable resources to produce hydrogen for both the domestic market and export (either as pure hydrogen or as derivatives – ammonia, synfuel, hot briquetted iron, and others) could create a win-win opportunity for all stakeholders. Europe and parts of [...]