Algeria's state-owned oil company, Sonatrach, has entered into a strategic partnership with Hecate Energy Global Renewables (HGR Energy), the international arm of US-based renewables and storage developer Hecate Energy, to collaboratively explore renewable energy and green hydrogen production opportunities within Algeria.
The memorandum of understanding (MoU) signed on Monday outlines a comprehensive framework for joint feasibility studies aimed at evaluating the potential establishment of renewable energy production projects in Algeria. Additionally, the partnership intends to investigate the utilization of renewable resources for green hydrogen production initiatives, in alignment with Sonatrach's commitment to the national strategy for renewable energy development.
This collaboration underscores Sonatrach's dedication to responsibly reducing hydrocarbon consumption and advancing sustainable energy initiatives at its oil and gas sites. By leveraging the expertise and resources of both entities, the partnership seeks to drive the transition towards a cleaner, more sustainable energy ecosystem in Algeria, contributing to broader objectives of energy diversification and carbon reduction.
The alliance between Sonatrach and Hecate Energy marks a significant step forward in Algeria's renewable energy journey, poised to catalyze socio-economic development and environmental stewardship in the region.
