“We welcome the addition of bp to the consortium, building on the well-established existing relationship between our companies and supporting Masdar’s ambition to drive the development of green hydrogen around the world. We already have plans to develop green hydrogen projects in Egypt and this agreement reinforces Masdar and the UAE’s commitment to Egypt to realise its massive clean energy and green hydrogen potential, alongside our Africa renewable energy champion IPH,” said Mohammad Abdelqader El Ramahi, Masdar’s chief green hydrogen officer. bp has eyes on Egypt's hydrogen potential since 2022, when it signed a memorandum of understanding with the government to conduct feasibility studies, and considered the region home to 'world-class renewable energy resources'. That year witnessed multiple hydrogen research initiatives, one being Petrofac's first new energies project in Egypt. The diverse experiences of partners in energy projects present a great opportunity for regional cooperation and accessing global markets, fundamentally supporting Egypt's energy transition plans," said Zaki.

Source: The North Africa Journal July 02, 2024 11:06 UTC