DNV and PETROJET have signed a memorandum of understanding (MoU) to deepen their partnership in Egypt’s energy transition through the development of green hydrogen and its derivatives, including ammonia.
Browsing: Africa
The first green hydrogen production facility in Egypt will be built and run by Egypt Green Hydrogen SAE with the help of a $80 million equity bridge financing from the European Bank for Reconstruction and Development (EBRD).
The task force brings together several companies invested in decarbonization, who have come to meet Moroccan players in the sector.
According to a senior official speaking at the present Africa Energy Indaba 2023 meeting, Namibia anticipates concluding the implementation agreement and starting the feasibility studies for its $10 billion green hydrogen project in the second quarter of 2023.
The Republic of Namibia in south-west Africa planned to become the first carbon-neutral nation on the continent and to serve as the continent’s sustainability centre.
According to a statement from the Egyptian government, China Energy would invest $5.1 billion in a green hydrogen project in Egypt.
Mauritania, Egypt’s energy company Infinity, and Masdar of the United Arab Emirates inked a memorandum of agreement for a $34 billion green hydrogen project in the West African nation.
According to Kgosientsho Ramokgopa, chief of the presidency’s infrastructure office, wealthy countries have a responsibility to support South Africa’s development of green hydrogen as part of a worldwide drive to decarbonize.
The Kenyan government will get 1.8 million euros (Sh244.2 million) from the European Investment Bank (EIB) for further loans to green hydrogen investors there.
Hydrogen-Africa looks forwards to keeping the community up to date as Geopolitical Developments in Africa gather place.
