BP Teams Up With Masdar For Green Hydrogen Development In Egypt

bp has joined a consortium with Masdar, Hassan Allam Utilities, and Infinity Power to explore a green hydrogen (gH2) project in Egypt. The Joint Development Agreement (JDA) designates bp as the main developer and operator. This partnership aims to combine their gH2 projects in Egypt and consider a large-scale, multi-phase project focused on exports.

The consortium signed a Framework Agreement (FWA) with the Egyptian government to assess the project's technical and commercial feasibility. This agreement was signed during the Egypt-EU Investment Conference. Dr. Moustafa Madbouly, Prime Minister of Egypt, Dr. Mohamed Shaker, Minister of Electricity and Renewable Resources, and Dr. Hala El-Said, Minister of Planning and Economic Development attended the signing.

Nader Zaki, bp's Regional President for the Middle East and North Africa; Andreas Bieringer from Masdar; Karim Hefzy from Hassan Allam Utilities; and Mohamed Mansour from Infinity Power signed the FWA. Zaki remarked, "We are pleased that the signing coincides with our celebration of 60 years in Egypt, which clearly reflects our ongoing commitment to the country."

The diverse experiences of these partners offer significant opportunities for regional cooperation and global market access. This collaboration supports Egypt's energy transition plans. Mohammad Abdelqader El Ramahi, Masdar's Chief Green Hydrogen Officer, welcomed bp's addition to the consortium. He stated that this move builds on their established relationship and supports Masdar's goal of advancing green hydrogen globally.

El Ramahi added that this agreement reinforces Masdar and the UAE's commitment to helping Egypt realise its clean energy potential alongside their Africa renewable energy champion IPH. Allam also highlighted the importance of this partnership in advancing green hydrogen development in Egypt.

Commitment to Green Hydrogen Development

Felipe Arbelaez, bp's SVP Hydrogen and CCS, noted that hydrogen will play a crucial role in future global energy scenarios. He expressed enthusiasm about working with partners to unlock hydrogen's potential in Egypt's energy landscape. Mansour emphasised that adding another partner underscores their ambition and commitment to fostering new green investments in Africa.

This joint effort aims to position Egypt as a key player in the green hydrogen sector by leveraging each partner's expertise. The consortium will conduct studies to evaluate various aspects of the project before moving forward with development plans.

The collaboration between these companies is expected to drive significant advancements in green hydrogen technology and infrastructure within Egypt. By focusing on exports, they aim to make a substantial impact on global energy markets while supporting local economic growth.

This initiative aligns with broader efforts to transition towards cleaner energy sources worldwide. It highlights the importance of international partnerships in achieving sustainable energy goals.

With inputs from WAM