Egypt & Maersk Sign Agreement to Study Local Green Fuel Production

Giving More to Your Wealth
29 Mar 2022

The Egyptian government and Maersk have signed a Memorandum of Understanding (MoU) to conduct a feasibility study on the local production of green hydrogen and green marine fuel powered by renewable energy. The Prime Minister himself witnessed the signing of the agreement, signalling the importance of decarbonisation and the green transition for Egypt. Maersk’s representative said that the company is interested in building a green fuel production plant in Ain Sokhna Economic Zone, and is currently preparing vessels to be powered by green fuel, namely methanol.

(Source: Maersk (English), Suez Canal Economic Zone (English), Offshore Energy Today (English), Smart Energy International (English), Port Technology International (English), Biofuels International (English), Egypt Today (English), al-Sharq al-Awsat (English) (Arabic), al-Maal, Mubasher, Amwal al-Ghad, al-Ahram, al-Youm al-Saabe, al-Masry al-Youm, al-Watan, al-Ain)

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