Sonatrach has signed a memorandum of understanding (MoU) with American company, Hecate Global Renewables Energy (HGR Energy).
This memorandum of understanding will allow Sonatrach and HGR Energy to jointly conduct a first phase feasibility study in order to examine the possibilities of implementing a renewable energy production project in Algeria.
This step will be followed by a second step including the feasibility of using this energy in green hydrogen production projects.
The signing of this MoU is in line with Algeria’s national strategy for the development of renewable energies. Sonatrach contributes through an ambitious program with the objective of covering the energy needs of its oil and gas sites to responsibly and sustainably reduce on-site hydrocarbon consumption and consequently reduce greenhouse gas emissions.