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home / news releases / RNRG - Decarbonization - A Springboard To Post-Oil In North Africa?


RNRG - Decarbonization - A Springboard To Post-Oil In North Africa?

  • Within the energy sector, oil companies can gain a competitive advantage by reducing their carbon footprint.
  • The result of our investigation is that in North Africa, PV is a realistic option to supply power for oil field operations.
  • The development of large PV power hubs in Saharan Africa such as the pioneering Benban project in Egypt will enable the emergence of large green hydrogen production units.
  • Electrification/power switching in North African oil fields will be a key step to secure the existence of the local hydrocarbon industry through the energy transition.

For further details see:

Decarbonization - A Springboard To Post-Oil In North Africa?
Stock Information

Company Name: Global X Renewable Energy Producers ETF
Stock Symbol: RNRG
Market: NASDAQ

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