bp Joins Consortium to Develop Green Hydrogen Project in Egypt
Key Ideas
  • bp has signed a Joint Development Agreement with Masdar, Hassan Allam Utilities, and Infinity Power to collaborate on a multi-phase green hydrogen project in Egypt focused on export.
  • The consortium has also signed a Framework Agreement with the Egyptian government to start feasibility studies for the project, aiming to support Egypt's energy transition plans.
  • The partnership aims to leverage the diverse experiences of the companies in energy projects to drive regional cooperation, access global markets, and contribute to a cleaner and greener future for Egypt.
  • The project is expected to take advantage of Africa's abundant renewable resources to create an export hub for green hydrogen, providing environmental and economic benefits to Egypt and beyond.
bp, in collaboration with Masdar, Hassan Allam Utilities, and Infinity Power, has entered into a Joint Development Agreement (JDA) to work on a multi-phase green hydrogen (gH2) project in Egypt. The partnership aims to explore the development of a large-scale project focused on producing green hydrogen and its derivatives for export, with bp as the main developer and operator. A Framework Agreement (FWA) has been signed with the Egyptian government to begin technical and commercial feasibility studies for the project. The signing of the agreement coincided with the Egypt-EU Investment Conference. The consortium's goal is to support Egypt's energy transition plans and contribute to a sustainable energy future. The partners believe that their combined expertise will pave the way for regional cooperation, access to global markets, and the decarbonization of sectors relying on fossil fuels. The project also aligns with Egypt's ambition to leverage its renewable resources and strengthen its position as a leader in green power. The consortium envisions creating an export hub for green hydrogen that will not only benefit Egypt but also contribute to promoting green industry in Africa and beyond.
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