Cepsa and Sonatrach have signed a memorandum of understanding to jointly carry out a feasibility study for the development of an integrated project for green hydrogen production and derivatives in Algeria, mainly aimed at supplying the European market.

The signing ceremony, which took place at the Oran Convention Center (CCO), was presided over by the Minister of Energy and Mines, Mr. Mohamed ARKAB, in the presence of government officials, the Honorable Consul General of Spain in Algeria, as well as the CEO of SONATRACH Group, Mr. Rachid HACHICHI, the CEO of SONELGAZ Group, Mr. Mourad ADJAL, and the CEO of CEPSA, Mr. Maarten WETSELAAR.

This MOU envisions the implementation of a green hydrogen project in two phases, the first of which would focus on conducting studies to assess the feasibility, opportunity, and profitability of the project, while the second phase would be dedicated to the development of the project.

The integrated development of the project would contribute to the decarbonization objectives of both companies. It includes the construction of an electrolysis hydrogen production plant, solar and wind plants to supply renewable energy to the electrolyzers, a methanol and/or green ammonia production plant, as well as necessary facilities for storage, transportation, and other auxiliary facilities for the commercial operation of the project.

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Fibre2Fashion News Desk (HU)