BP has partnered with Masdar, Hassan Allam Utilities, and Infinity Power to develop a multi-phase green hydrogen project in Egypt, formalized through a joint development agreement (JDA).
Under the JDA, BP will serve as the main developer and operator on behalf of the consortium. The partners will merge their respective green hydrogen (gH2) initiatives in Egypt, exploring the potential for a large-scale, multi-phase project focused on developing gH2 and its derivatives for export.
The consortium has signed a framework agreement with the Egyptian government to conduct studies and activities assessing the project’s technical and commercial feasibility.
This agreement was signed during the Egypt-EU Investment Conference.
Nader Zaki, BP’s regional president for the Middle East and North Africa, commented: “We are pleased that the signing coincides with our celebration of 60 years in Egypt, which clearly reflects our ongoing commitment to the country.
Over the decades, we have been a key supplier of energy in Egypt, consistently working to meet its increasing energy demands while supporting its endeavors for a more sustainable energy future.”
The partners’ diverse experience in energy projects creates an excellent opportunity for regional cooperation and global market access, fundamentally supporting Egypt’s energy transition plans.
