Egypt supplies Maersk's ships with clean fuel within $15B project

CAIRO - 19 September 2022: Egypt intends to launch a qualitative cooperation with the shipping giant "Maersk" so that it will be supplied with locally manufactured clean fuel for ships.

 

Head of Maersk, Søren Skou, reviewed the plan to establish a project to produce clean fuel for ships in Egypt with investments of $15 billion, which will provide more than 100,000 job opportunities in various specialties.

 

This came during his meeting with President Abdel Fatah El-Sisi, where the latter directed the start of cooperation with the company to establish an integrated national network in the country to produce and distribute green energy and clean fuels for ships, depending on new and renewable energy sources.

 

Furthermore, Skou expressed his appreciation for the extended cooperation with Egypt through the Suez Canal Authority, especially the development and keeping pace with the latest modern technologies and the continuous development and modernization of the Suez Canal and its infrastructure, which makes Egypt qualified to become the main and pivotal center for supplying Supplying ships with green fuel in the region.

 

The meeting also discussed ways to enhance cooperation between the Suez Canal Authority and Maersk Group, especially in the areas of training, exchange of experiences, maritime transport, logistics, container handling terminals, and marine services.