bp has today (December 8) revealed it has signed an agreement with the Government of Egypt to explore the potential of establishing a green hydrogen production facility in the country.
Signed by bp, Egypt’s New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company (EETC), the General Authority for Suez Canal Economic (SCZONE), and The Sovereign Fund of Egypt for Investment and Development (TSFE), the Memorandum of Understanding (MoU) will see bp carry out several studies for the facility.
The oil and gas major has said it will evaluate the technical and commercial feasibility of developing a multi-phase, large-scale green hydrogen export hub in Egypt, considering several locations across the country, targeting best-in-class resources.
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