Masdar and bp Consortium to Develop Green Hydrogen Project in Egypt
Key Ideas
- Masdar, bp, Hassan Allam Utilities, and Infinity Power form a consortium to develop a green hydrogen project in Egypt.
- The consortium aims to evaluate the feasibility of a large-scale, multi-phase project for green hydrogen and its derivatives, focusing on exports.
- The partnership reinforces Masdar and UAE's commitment to Egypt's clean energy and green hydrogen potential.
- bp, with its significant presence in Egypt's gas sector, will act as the main developer and operator of the green hydrogen project.
Masdar, in collaboration with the UK energy company bp, Hassan Allam Utilities, and Infinity Power, has formed a consortium to potentially develop a green hydrogen project in Egypt. This initiative comes as part of a Framework Agreement with the Egyptian government to assess the technical and commercial viability of the project. The consortium plans to combine their green hydrogen projects to create a single large-scale, multi-phase project focusing on exports. Masdar's Chief Green Hydrogen Officer expressed enthusiasm about bp joining the consortium, emphasizing the commitment to advancing green hydrogen globally. Alongside their current involvement in Egypt's gas production, bp's partnership in this green hydrogen project signifies a significant step towards sustainable energy development in the region.