article thumbnail

bp to explore potential for green hydrogen production in Egypt

Green Car Congress

bp signed a memorandum of understanding (MoU) with the Government of Egypt under which bp will explore the potential for establishing a new green hydrogen production facility in the country. It is intended that high-potential locations across Egypt will be considered as part of the feasibility study, targeting best-in-class resources.

Egypt 330
article thumbnail

India-based ReNew Power, Egypt to invest $8B in green fuels production in Suez Canal zone

Green Car Congress

SCZONE has signed 8 MOUs so far in the field of localizing and manufacturing green fuels with several global key players and consortiums such as Maersk, Scatec, EDF Renewables, H2, and others. million tons of green ammonia, said Zaki.

Egypt 259
article thumbnail

GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries.

Hydrogen 473
article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon prices rising even faster.

Cost Of 210
article thumbnail

Maersk, Egyptian authorities sign partnership agreement to explore large-scale green fuel production in Egypt

Green Car Congress

Egypt has excellent conditions for renewable energy production and ambitions to become global leader in the green energy value chain. For Maersk, our recently announced strategic partnerships with six industry leading companies are key in addressing this challenge, but to stay on the 1.5-degree

Egypt 284
article thumbnail

Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

Ireland-based electrolyzer company Fusion Fuel Green PLC will collaborate with Consolidated Contractors Group S.A.L. The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. CCC is a globally diversified company specializing in Engineering and Construction.

Fusion 170
article thumbnail

Chip Fabs Go Green

Cars That Think

At this week's COP27 climate conference in Egypt , attendees will have a new group to contend with: an alliance of more than 60 companies involved in the electronics supply chain. But it also includes some fabless companies such as AMD, Google, and Microsoft. Some of that began happening even before the consortium formed.

Green 98