Renewable Energy – Green Hydrogen
DNV signed a memorandum of understanding (MoU) with PETROJET, to strengthen their collaboration for the energy transition in Egypt through the development of green hydrogen and its derivatives (including ammonia).
The MoU 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 encompasses 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 is taking serious steps to diversify energy sources as an economic growth strategy. It has some of the region’s largest renewable energy programmes and has brought its target for 42% renewable power forwards to 2030 (5 years earlier than initially planned). Thanks to these investments, the country is emerging as an export hub for low-carbon LNG and green ammonia.