renforcement du partenariat avec la société espagnole « CEPSA » dans les énergies propres
Strengthening Cooperation between Sonatrach and CEPSA: A Commitment to Clean Energy Development
On Thursday, Rachid Hachichi, the CEO of Sonatrach, welcomed Maarten Wetselaar, his counterpart at the Spanish company CEPSA, in Algiers. During their meeting, they discussed strategies to enhance collaboration between their two companies, specifically in the realm of clean energy. This engagement is part of a broader effort to strengthen their strategic cooperation and develop existing partnerships.
The discussions centered around exploring new opportunities for bilateral collaboration, particularly in the increasingly significant sectors of clean and renewable energies. The importance of these areas has grown in response to global energy trends and the urgent need for sustainability. Both companies recognize that by pooling their resources and expertise, they can make substantial contributions to the evolving energy landscape.
One of the key outcomes of this meeting was a reaffirmation of their commitment to innovate and pursue sustainable projects. Reflecting on a previous partnership, the two parties pointed out that they had signed a memorandum of understanding in October to jointly undertake a feasibility study for an integrated green hydrogen production project in Algeria. This initiative is primarily aimed at serving the European market, which is currently experiencing a surge in demand for environmentally friendly energy sources.
The integrated project will involve the construction of a hydrogen production facility utilizing electrolysis, a method that splits water into hydrogen and oxygen using renewable energy. To power these electrolysis processes sustainably, the plan includes developing solar and wind power plants, aligning with their joint goals of decarbonization.
CEPSA, a historic partner of Sonatrach, is recognized as a global leader in the energy industry. The company integrates various operations throughout the energy value chain and has made significant strides in renewable energies and green hydrogen production. Their experience and resources position them as a vital collaborator in leveraging Algeria’s resources to meet growing European market demands.
In conclusion, the meeting between Sonatrach and CEPSA signals a promising development in their partnership focused on clean energy initiatives. Both companies stand committed to tackling the challenges of the energy transition, reflecting a shared vision for a sustainable future driven by innovative projects. The collaboration not only strengthens their existing ties but also aligns with global efforts towards reducing carbon footprints and promoting renewable energy solutions in an ever-evolving energy marketplace.
