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    Sonangol wants to produce green hydrogen starting in 2024


    June 16, 2022 - CE Noticias Financieras

     

      Angolan state oil company Sonangol has signed a memorandum of understanding with German companies Gauff and Conjucta for the production of green hydrogen, starting in 2024.

      According to a Sonangol press release issued Thursday, the agreement follows technical and economic feasibility studies previously carried out for the financing, construction and operation of a factory to produce green hydrogen and derivative products in Angola.

      The aim is to sell the product on the local and international markets, in countries such as Germany, and is also expected to create jobs.

      Cited in the statement, the Minister of Mineral Resources - Oil and Gas, Diamantino Azevedo, noted at the signing ceremony that, "despite the production of alternative energy, Angola will continue to explore hydrocarbons, with due attention to sustainability and respect for the environment.

      The president of Sonangol, Gaspar Martins, said that the company is positioned as a hydrocarbon company, "with a focus on diversification of its business portfolio, which includes energy production from renewable sources, production and marketing of green hydrogen and its derivatives, biofuels, among others, through its Research and Development Center.

      The next steps are the development of the detailed technical project and the contracting of the contractor, among other aspects, with production of green hydrogen expected to begin in 2024.

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