Italy’s Ente Nazionale Idrocarburi S.p.A. (Eni) has inked a deal with state-owned Egyptian Electricity Holding Company (EEHC) and Egyptian Natural Gas Holding Company (EGAS) for research in producing hydrogen in Egypt.
The groups will assess the possibility to produce both green hydrogens which use the electricity generated from renewables, and blue hydrogen, through the storage of carbon dioxide. The potential of local hydrogen consumption and the opportunities for exports are also on the agenda.
Eni is preparing to transition into renewables and limiting its oil and gas output, on the back of its target to eliminate Scopes 1, 2, and 3 net emissions by 2050, canceling out relative emission intensity and referring to the entire life cycle of energy products sold.
For Egypt, the deal fits its national strategy for energy transition, diversifying the energy mix, and developing hydrogen projects in cooperation with major international firms.
