- The MoU aims to scope areas where DNV can support PETROJET with its technical expertise in design verification and project assurance.
- The scaling-up of green hydrogen is central for hard-to-abate sectors looking for low-carbon solutions to reach net zero before 2050
DNV, the global independent energy expert and assurance provider, signed a Memorandum of Understanding (MoU) with PETROJET, a leading regional EPC contractor, 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 where DNV can support PETROJET with its technical expertise in design verification and project assurance. 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, and other technical services for CO2 or low-carbon hydrogen projects. The agreement was signed at Egypt Petroleum Show (EGYPS 2023) by PETROJET’s Chairman and Managing Director, Waleed lotfy Hamed and DNV’s Vice President and Area Manager for North Africa, Hisham El-Grawany. HE Tarek El-Molla, Minister of Petroleum and Mineral Resources, and HE Hilde Klemetsdal, Ambassador of Norway, witnessed the signing.
Santiago Blanco, Executive Vice-president and Regional Director of Southern Europe, Middle East and Latin America, Energy Systems at DNV, said The scaling-up of green hydrogen is central for hard-to-abate sectors looking for low-carbon solutions to reach net zero before 2050″. Hisham El-Grawany, added, “Egypt has great potential for the cost-effective production of low-carbon hydrogen and its derivatives, and is at a geographic nexus.”