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bp signed a memorandum of understanding (MoU) with the Government of Egypt under which bp will explore the potential for establishing a new green hydrogen production facility in the country. It is intended that high-potential locations across Egypt will be considered as part of the feasibility study, targeting best-in-class resources.
The first phase will be in 2023-2025, with about $710 million targeted to produce 100,000 tons of green ammonia and 20,000 tons of green hydrogen. The production capacity in the second phase during 2025-2029 aims to produce 200,000 tons of green hydrogen and one million tons of green ammonia with estimated investments of about $7,147 billion.
Egypt has excellent conditions for renewable energy production and ambitions to become global leader in the green energy value chain. Specifically for The Sovereign Fund of Egypt, this potential opportunity adds a new dimension to our roadmap towards zero emission targets.
Egypt is planning to invest up to $4 billion in a project to generate green hydrogen via electrolysis, according to a report in Arab News , citing the Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker. Shaker said that an area of more than 7,000 sq.
Offshore) (CCC), to develop green hydrogen plants in the Middle East. CCC and Fusion Fuel have agreed to cooperate on projects involving the production of green hydrogen for potential clients in the refining and petrochemical industries in order to reduce their carbon footprint. Many more will follow.
In addition, in parallel with this transaction, Total and Engie agreed to cooperate to promote the use of biogas and renewablehydrogen, with Engie becoming Total’s priority supplier in this field. Following the transaction, Total will take over the teams in charge of the LNG activities at Engie, which represents around 180 employees.
Semiconductors, green hydrogen, renewable energy, electronics, MSMEs, and electric mobility are some of the focus areas for the summit. We are constructing the world’s largest Renewable Energy Park at Khavda and investing Rs 2 lakh crore in Gujarat.
Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. During 2022, over 393 deals related to hydrogen were closed, representing a significant increase compared to 277 deals registered in 2021.
RINA, the inspection, certification and consulting engineering multinational, and AFRY, a European leader in engineering, design, and advisory services, have undertaken an initial study of how the Gulf region and Europe could be linked directly with a pipeline to transport low-carbon hydrogen. million tonnes of hydrogen annually.
That’s according to 2023 IEEE President Saifur Rahman , who was among the speakers from engineering organizations at the COP27 event held in Egypt in November. He also said low-cost, low-carbon hydrogen fuel should be considered as part of the renewable energy mix.
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