bp Collaborates with Partners to Explore Green Hydrogen Development in Egypt
Key Ideas
- A consortium consisting of bp, Masdar, Hassan Allam Utilities, and Infinity Power has signed a Framework Agreement with the Egyptian Government to assess the feasibility of a multi-phase green hydrogen project.
- bp will lead as the main developer and operator of the project under the Joint Development Agreement with a focus on potentially developing a large-scale green hydrogen project for exports.
- The collaboration aims to combine efforts in green hydrogen projects in Egypt, emphasizing the role of hydrogen in the global energy future.
- Felipe Arbelaez, bp's SVP of Hydrogen and Carbon Capture and Storage, expressed optimism about unlocking hydrogen's potential in Egypt's energy landscape through this partnership.
bp has partnered with Masdar, Hassan Allam Utilities, and Infinity Power to delve into green hydrogen development in Egypt. The newly formed consortium has inked a Framework Agreement with the Egyptian Government to assess the viability of a multi-phase green hydrogen initiative. With bp at the forefront as the primary developer and operator, the partners are keen on amalgamating their green hydrogen endeavors in Egypt, with a prospective focus on establishing a significant project for export purposes. Felipe Arbelaez, bp's Senior Vice President of Hydrogen and Carbon Capture and Storage, highlighted the importance of hydrogen in the global energy landscape. He expressed eagerness to collaborate with the consortium to unleash the potential of hydrogen within Egypt's energy narrative. This collaboration signifies a step towards exploring sustainable energy solutions and signifies a positive outlook towards green hydrogen development in Egypt.