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Eni signs deal for hydrogen production in Egypt as part of its transition into renewables

July 09/2021

MOSCOW (MRC) -- Eni, state-owned Egyptian Electricity Holding Company (EEHC) and Egyptian Natural Gas Holding Company (EGAS) signed a deal to asses the feasibility of producing hydrogen in Egypt, reported Reuters with reference to the Italian energy group's statement on Thursday.

The move is part of Enis major overhaul launched last year to transition into renewables and taper off its oil and gas output.

This agreement builds on Enis target of eliminating Scopes 1, 2 and 3 net emissions by 2050, cancelling out relative emission intensity and referring to the entire life cycle of energy products sold. The projects also fits with Egypts national strategy for energy transition, diversifying energy mix and developing hydrogen projects in cooperation with major international companies.

The groups will conduct a study into joint projects to produce both green hydrogen, using electricity generated from renewables, and blue hydrogen, through the storage of carbon dioxide. The review will also analyse potential local consumption of hydrogen and opportunities for exports.

As MRC wrote before, in April 2021, Honeywell announced Italys largest energy company, Eni, is producing renewable fuels at its refinery in Gela, Italy, using the Ecofining technology jointly developed by Eni and UOP.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.

Eni S.p.A. (Ente Nazionale Idrocarburi) is an Italian oil and gas company headquartered in Rome. Eni operates in 70 countries around the world.
Author:Margaret Volkova
Tags:crude and gaz condensate, propylene, ethylene, gas processing, petrochemistry, recikling, Eni, Egypt, Italy.
Category:General News
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