BP has signed a memorandum of understanding (MoU) with the Egyptian government under which it will “explore the potential for establishing a new green hydrogen production facility in the country”.

The MoU was signed by the oil giant, Egypt’s New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company (EETC), the General Authority for Suez Canal Economic Zone (SCZONE) and the Sovereign Fund of Egypt for Investment and Development (TSFE).

BP will carry out several studies to evaluate the technical and commercial feasibility of developing a multi phase, large scale green hydrogen (gH2) export hub in Egypt.

Green hydrogen is produced by water electrolysis, powered by ‘renewable’ energy.

Anja-Isabel Dotzenrath, BP head of gas and low carbon energy, said: “Egypt has world class renewable energy resources, and we look forward to working with the government to explore how we can support its ambitious low carbon strategy.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.