Egypt-headquartered EPC contractor Petrojet has signed an agreement with DNV, a global independent energy expert, to support green hydrogen projects in Egypt.
The deal aims to scope areas in which DNV can support Petrojet with its technical expertise in design verification and project assurance, as Petrojet is seeking a leading role as a green hydrogen EPC contractor.
The agreement also includes renewable power generation and energy storage projects, technical studies for natural gas and hydrogen/natural gas blend infrastructure, along with other technical services for CO2 or low-carbon hydrogen projects.
“Egypt has great potential for the cost-effective production of low-carbon hydrogen and its derivatives, and is at a geographic nexus,” noted Hisham El-Grawany, DNV’s vice president and area manager for North Africa.
He added, “Our energy transition research shows that the region is set to become a key global supplier in the emerging global hydrogen market, and is expected to be the main exporter of pure hydrogen to Europe.”
The country is well on its way to being a hydrogen powerhouse, as recent announcements by Middle-Eastern and European players have pushed estimated investments past $100 billion. Some 70% of these investments are linked to projects unveiled following COP 27 last November, when nine major projects were announced – totaling a combined production capacity of 2.1 million tonnes per year.
