BP Joins Consortium for Green Hydrogen Project in Egypt

Credit: BP

BP has entered into a joint development agreement to join an existing consortium in , aiming to explore the potential development of a multi-phase project.

The consortium includes , Hassan Allam Utilities, and , with BP set to act as the main developer and operator of the project.

The partners are merging their respective green hydrogen projects in Egypt and exploring the feasibility of a large-scale initiative focused on green hydrogen and its derivatives, particularly for export purposes.

The newly formed consortium has signed a framework agreement with the Egyptian government to initiate a series of studies and activities assessing the technical and commercial viability of the project. The agreement was formalized during the Egypt-EU Investment Conference.

Nader Zaki, BP's regional president for the Middle East and North , 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 diverse experiences of partners in energy projects present a great opportunity for regional cooperation and accessing global markets, fundamentally supporting Egypt's energy transition plans.”

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