Egypt is set to be handed a huge boost in the production of hydrogen in the region.
Eni has today (July 8) revealed the signing of an agreement with Egyptian Electricity Holding Company (EEHC) and the Egyptian Natural Gas Holding Company (EGAS) to assess the technical and commercial feasibility of projects for the production of hydrogen.
The parties will conduct a study into joint projects to produce green hydrogen, using electricity generated from renewables, and blue hydrogen, through the storage of carbon in depleted natural gas fields.
The study will additionally analyse the potential local market consumption of hydrogen and export opportunities as well as possible development and business schemes that will be evaluated to implement selected projects.
The agreement today is part of a scheme by Eni to reach its target of eliminating scopes one, two and three net emissions and cancelling out the relative emission intensity by 2050, referring to the entire life cycle of the energy products sold.
This comes in the framework of Egypt’s strategy for energy transition, diversifying the energy mix and developing hydrogen projects in cooperation with major international companies.
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