Egypt signs a spate of agreements at The Egypt Energy Show

A green energy bonanza for Egypt: A number of Egypt’s state-owned energy firms signed several agreements on geothermal energy, hydrogen, and green fuel at The Egypt Energy Show (EGYPES), according to a statement.

First up, geothermal energy: The Egyptian South Valley Petroleum Holding Company (Ganope) signed an MoU with the US-based Schlumberger to explore the ideal locations and assess the feasibility of collaborating on building geothermal power plants in Egypt. This comes a week after the Energy and Environment Committee of the Egyptian Senate reviewed a study recommending that the government develop an atlas of geothermal energy potential and explore its applications for heat or energy generation.

Next, hydrogen and emissions:The Egyptian Natural Gas Company (Gasco) signed an MoU with Japan’s energy firm Chiyoda and France’s low-carbon energy company Axens to cooperate on financing and developing hydrogen and decarbonization projects, including training Gasco’s employees.

Egypt renewed green fuel permits: OCI HyFuels — a subsidiary of Netherlands-based chemicals producer OCI Global — was granted another six-month temporary permit to supply ships with green fuel at Egyptian ports.

REMEMBER- Egypt’s SCZone established a committee to work on creating a new system ofbunkering and marine services in Egyptian ports last year, including setting requirements for granting permanent licenses to practice ship bunkering with green fuels. This came after OCI completed a six-hour operation refueling the world’s first green-methanol-powered container ship with 500 tons of the green fuel in Egypt’s East Port Said last August.

SIDPEC gets a new methane plant: The Sidi Kerir Petrochemicals Company (Sidpec) signed an agreement with Swiss-based WtE cleantech company Hitachi Zosen Inova to design and build a methane production plant for the former’s operations using CO2 and hydrogen.

And boosts energy efficiency efforts: Sidpec also signed an MoU with Egypt-based energy industry contractor Korra Energi to establish a joint stock company focused on energy efficiency and sustainability. Korra inaugurated the country’s first trigeneration waste-to-energy facility last year to repurpose waste generated by the company’s power plant and flare gas projects.

IN OTHER NEWS- Siemens + San Masr team up on energy savings: Germany’sSiemens inked an MoU with maintenance and modification service provider to oil, gas and petrochemical companies Egyptian Maintenance Co (San Masr) to provide energy conservation solutions in Egypt, according to a statement. The agreement comes as part of the Petroleum and Mineral Resources Ministry’s target to devise its environmental and digital transformation road map.

San Masr + Norway’s DNV work on methane: The Egyptian company inked another MoU with Norway-based environmental assessor DNV to issue methane performance certificate assessments, the statement notes. Both sides will partner on methane reporting and optimizing San Masr’s energy consumption.