Green Fuel
Scatec and the Suez Canal Economic Zone (SCZone) also signed a memorandum of understanding (MoU) worth $1.1 billion
Egyptian Prime Minister Mostafa Madbouly witnessed Wednesday the signing ceremony of the framework agreement to establish a project to produce green fuel with investments amounting to $3 billion for the first phase, for ship bunkering supplies and achieving zero carbon emissions.
President Abdel Fatah al-Sisi was briefed Thursday on the executive status of investments in the Suez Canal Investment Zone (SCzone).
The General Authority for the Economic Zone of the Suez Canal announced the success of the first operation of supplying a container ship with green fuel "methanol" in the port of East Port Said, Friday evening.
In the near future, green fuel bunkering will be available as well.
The Egyptian government and an Egyptian-French alliance signed on Wednesday an MoU to establish a project in the Suez Canal Economic Zone in Ain Sokhna to produce 350,000 tons of green fuel annually as a fuel for ships.
The meeting was through a 3 day-workshop began between the two sides in Cairo, followed by a visit for Maersk delegation to the integrated industrial zone in Sokhna, to discuss ways to implement projects of green methanol and green ammonia production.
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