SCZone signs deal for $10 billion in investments to produce green fuels ...Egypt

EGYPT INDEPENDENT - Economy
SCZone signs deal for $10 billion in investments to produce green fuels
source : EGYPT INDEPENDENT ( Egypt ) () 29
The Suez Canal Economic Zone (SCZone) has signed six memoranda of understanding for investments worth US$ 10 billion for green hydrogen and green ammonia projects with major international companies and alliances, to establish industrial facilities and complexes in the Sokhna area to produce green fuel and use it for ship bunkering purposes or export to foreign markets. In a statement on Friday the SCZone said that it aims for the Sokhna area to become a leading regional center in the green hydrogen industries, coinciding with the global transformation to clean energy uses. The region aims to localize this type of industry in its integrated areas in Sokhna and East Port Said, and preparations

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