Eni, EEHC and EGAS will conduct a study into joint projects to produce green hydrogen, using electricity generated from renewables, and blue hydrogen, through the storage of CO2 in depleted natural gas fields.
The study will also analyze 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.
Eni said in the statement:
- This agreement is part of the path that Eni has undertaken to reach the target of eliminating Scopes 1, 2 and 3 net emissions (Net GHG Lifecycle Emissions) and cancelling out the relative emission intensity (Net Carbon Intensity) by 2050, referring to the entire life cycle of the energy products sold
- It comes in the framework of Egypt’s strategy for energy transition, diversifying energy mix and developing hydrogen projects in cooperation with international companies
Egypt has become one of the main leaders on the African continent in renewable energy production.
A few years ago, Cairo set a target of producing 42% of its electricity from renewable sources by 2035 and 20% by 2022.
Egypt is also home to the Benban solar plant, the 4th largest solar power plant in the world, with a total capacity of 1,650 MW
