BP has announced that it has signed a joint development agreement (JDA) to join an existing consortium consisting of Masdar, Hassan Allam and Infinity Power to explore the potential development of a multiphase green hydrogen (gH2) project in Egypt.
Publish dateMonday 1 July 2024 - 17:25
According to bp, the partners are combining their gH2 related projects in Egypt and will also explore the potential of a large-scale, multi-phase project to develop gH2 and its derivatives with a focus on export.
The newly formed consortium has signed a framework agreement (FWA) with the Egyptian government to begin conducting a series of studies and activities to assess the technical and commercial feasibility of the project.
The FWA agreement was signed on the sidelines of the Egypt-EU investment conference in the presence of Egyptian Prime Minister Dr. Mustafa Madbouly, Dr. Mohammad Shakir, Minister of Electricity and Renewable Resources, and Dr. Halle Al-Saeed, Minister of Planning and Economic Development.
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Source : news agency wam
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