bp, in collaboration with Masdar, Hassan Allam Utilities, and Infinity Power, has joined a consortium to explore the development of a green hydrogen project in Egypt. The focus of the project is on creating a large-scale, multi-phase initiative for green hydrogen production and its derivatives, with an emphasis on potential exports. The consortium, led by bp, has signed a Framework Agreement with the Egyptian government to commence the evaluation of project feasibility. This partnership is seen as a significant step towards advancing Egypt's green hydrogen sector. The goal of the collaboration is to transform Egypt into a hydrogen export hub, which would not only support the country's energy transition plans but also create economic opportunities and contribute to a cleaner future. The strategic location of Egypt in the sun belt region, known for its abundant sunlight, offers ideal conditions for harnessing renewable energy sources for green hydrogen production. With Egypt aiming to increase its renewable energy share to 42% by 2035, the recent agreements in the green hydrogen sector exemplify the country's commitment to sustainable development. The liberalization of the energy market has also attracted substantial investment, making it more accessible to both local and international investors. This initiative aligns with global trends towards decarbonization and signifies a positive step towards regional cooperation and the promotion of green power in Egypt and beyond.