02 Jun 2022
SCZone (The Suez Canal Economic Zone) signed a MoU with H2 Industries, a German company, to build a waste-to-hydrogen facility within the economic zone. The plant will be located in East Port Said, and will cost around USD4bn. The project aims to produce 300,000 tons/year of green hydrogen by recycling 4mn tons of waste. H2 Industries will commence with the feasibility studies, which should conclude with the signing of the final contract in November 2022. This will coincide with the COP27 global climate conservation meeting hosted by Egypt.
The project serves a double purpose by handling the issue of organic waste management, including plastic, while producing green, environmentally-friendly hydrogen to be used as a fuel. This facility will be added to a number of other renewable energy projects that the Egyptian government is implementing to accelerate its sustainable energy transition. The ultimate goal is to become a regional exporter of green hydrogen and a global leader in the field. (Sources: State Information Service (English), Reuters (English), Zawya (English) (Arabic), al-Ahram (English) (Arabic), Egypt Today (English), Business Today Egypt (English), Sada el-Balad (English) (Arabic), Arab News (English), al-Arabiya (English), al-Sharq al-Awsat (English), Xinhua (English), Renewables Now (English), Hydrogen Central (English), al-Maal, Amwal al-Ghad, Economy Plus Me, al-Youm al-Saabe, al-Masry al-Youm, al-Watan, Akhbar al-Youm, Middle East News Agency, al-Sharq Business, CNBC Arabia, al-Taqa, Sputnik)