Egypt, Maersk sign MoU to build green hydrogen plant in Ain Sokhna

CAIRO – 28 March 2022: Prime Minister Mostafa Madbouli witnessed Monday the signing of a memorandum of understanding (MoU) to produce green hydrogen that will be used to fuel ships.

The signing parties are Maersk on one hand, and the General Authority for Suez Canal, the Sovereign Fund of Egypt, the New and Renewable Energy Authority, and the Egyptian Company for Electricity Transmission on the other hand.   

Egypt equally targets to produce green methanol, and green ammonia, specifically as ship fuels, given the special location of Egypt among the other qualifications that enable it to stand out in such fields.

The representative of Maersk stated that the company is preparing 12 ships to be powered by green hydrogen, and that it is interested in building a plant that produces green fuel in Ain Sokhna's economic zone. She added that Maersk targets to attain zero carbon emission by 2040.