Egypt signs green and blue hydrogen agreement with Eni
11 Jul 2021
The Egyptian Electricity Holding Company (EEHC) and Egyptian Natural Gas Holding Company (EGAS) have signed an initial agreement with Italian energy company Eni to cooperate on plans for green and blue hydrogen production in Egypt
The Egyptian Electricity Holding Company (EEHC) and Egyptian Natural Gas Holding Company (EGAS) have signed an initial agreement with Italian energy company Eni to cooperate on plans for green and blue hydrogen production in Egypt.
Egypt and Eni will work together to assess the technical and commercial feasibility of targeted blue and green hydrogen projects in Egypt.
The parties will conduct a study into joint projects to produce green hydrogen, using electricity generated from renewables, and blue hydrogen, through the storage of carbon dioxide (CO2) in depleted natural gas fields.
The study will also analyse the potential local market consumption of hydrogen and export opportunities. In addition, possible development and business schemes will be evaluated to implement the selected projects.
Energy & Utilities reported in June that the Egyptian government is planning to develop a green hydrogen project which would require up to $4bn of investment.
Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker said that the project is in the feasibility studies stage, according to a report in Arab News. According to the report, consultations are ongoing with the Sovereign Fund of Egypt and a group of related ministries.
More than 7,000 square kilometres of land has been allocated for clean energy projects in Egypt, with the North African country having set an ambitious target for 42 per cent of the total energy produced in the country to come from renewable energy sources by 2035.
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