BP joins Infinity Power to build a green hydrogen project in Egypt

British energy conglomerate BP has entered into a Joint Development Agreement (JDA) with a consortium of Masdar, Hassan Allam Utilities and Infinity Power which is looking to develop a multi-phase green hydrogen (gH2) project in the North African country of Egypt.

According to the JDA, BP will act as the main developer and operator of the project on behalf of the consortium. The partners announced that they are exploring the potential for a single large-scale, multi-phase project in Egypt for production of green hydrogen and its derivatives for the export market.

“We welcome the addition of bp to the consortium, building on the well-established existing relationship between our companies and supporting Masdar’s ambition to drive the development of green hydrogen around the world,” said Mohammad Abdelqader El Ramahi, Chief Green Hydrogen Officer at Masdar.

“We already have plans to develop green hydrogen projects in Egypt and this agreement reinforces Masdar and the UAE’s commitment to Egypt to realize its massive clean energy and green hydrogen potential, alongside our Africa renewable energy champion IPH,” El Ramahi added.

The newly formed consortium signed a Framework Agreement (FWA) with the Egyptian government on the sidelines of the Egypt-EU Investment Conference. The FWA will pave the way for the consortium to start carrying out a set of studies and activities to evaluate the technical and commercial feasibility of the project. 

“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.” said Nader Zaki, BP’s regional president for the Middle East and North Africa.

Egypt is looking to become a leading player in the green hydrogen space. The North African country is banking on green hydrogen to fill the energy export gap created as a result of its declining natural gas production. The country also targets to increase power generation from renewables to 42 percent by 2035.