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bp to explore potential for green hydrogen production in Egypt

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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.

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

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The production capacity in the second phase during 2025-2029 aims to produce 200,000 tons of green hydrogen and one million tons of green ammonia with estimated investments of about $7,147 billion. The first phase will be in 2023-2025, with about $710 million targeted to produce 100,000 tons of green ammonia and 20,000 tons of green hydrogen.

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Report: Egypt to invest up to $4B in green hydrogen project

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Egypt is planning to invest up to $4 billion in a project to generate green hydrogen via electrolysis, according to a report in Arab News , citing the Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker. Shaker said that an area of more than 7,000 sq.

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

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In 2022, green hydrogen production capacity reached more than 109 kilotons per annum (ktpa) worldwide, representing 44% growth compared to 2021, according to data and analytics company GlobalData. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries. In 2022, more than 111.9

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AFRY, RINA study points to feasibility and attractiveness of Gulf-to-Europe hydrogen pipeline

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With abundant renewable energy sources (RES) and natural gas reserves, the Gulf region is set to become a leading global producer of green and blue hydrogen, ammonia and other synthesis products. The results suggest a transformative opportunity to unlock the Gulf’s potential as a cost-effective source of low-carbon hydrogen for Europe.

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

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The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark. These cost hikes mark a rough patch for renewables, but not an inflection point.

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T&E: Europe burns 19 million bottles of sunflower and rapeseed oil every day in cars

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18% of the world’s vegetable oil production goes to biodiesel; nearly all of this is fit for human consumption. T&E previously reported that Europe burns 10,000 tonnes of wheat in its cars every day, piling pressure on countries such as Egypt which are heavily reliant on imports. —Maik Marahrens.

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