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Coalition of energy companies to decarbonise downstream facilities in Egypt

Published by , Editorial Assistant
Hydrocarbon Engineering,

A coalition of energy transition leaders – Bechtel, Enppi, Petrojet, GE, Baker Hughes, HSBC, and the National Bank of Egypt – signed a Memorandum of Understanding under the auspices of Tarek El Molla, Egyptian Minister of Petroleum and Mineral Resources, in Cairo, Egypt.

The coalition will provide execution, technology, and financing expertise for a new initiative to support decarbonisation of select downstream facilities in Egypt, aligning plans with the country’s leadership of the COP27, UN Climate Change Conference 2022.

The coalition technical partner organisations have the commitment and track record, as well as the technical expertise and data to be instrumental in this important effort.

“The coalition we formed will support Egypt’s leadership in creating access and opportunity for the people of Africa on the path to net zero ahead of COP 27,” said Paul Marsden, President of Bechtel’s Energy business unit. “We bring world-class expertise in execution, technology, and financing necessary to enable Egypt reach their decarbonisation goals. Our Bechtel team is looking forward to continuing our partnership with the people of Egypt.”

The work of the coalition will begin immediately with an assessment of onshore oil and gas facilities fully or partially owned by the Government of Egypt to target CO2/methane emissions reduction and energy savings.

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