The Suez Canal Economic Zone announced that the authority has signed 6 memoranda of understanding 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 catering purposes or export to foreign markets.
In a statement, the zone revealed the parties to the memorandums of understanding, as well as the investments and production capacity for each project, and the location of the projects, as the Suez Canal Economic Zone targets the Sokhna area to be a leading regional center in green hydrogen industries, coinciding with the global transformation of clean energy uses.
She explained that the memorandums were signed during March, April and May 2022, with international companies, including Norway's Scatec, the Abu Dhabi Future Energy Alliance "Masdar of the UAE", Hassan Allam for utilities, the French Total Air alliance, the Egyptian Inauguration Capital, the Danish Maersk, the French EDF alliance, the Egyptian Zero West and the Emirati Amea Power, all of which are international companies. A leader in clean and renewable energy.
The statement also revealed the investments of green hydrogen projects in Sukhna, which will amount to more than 10 billion dollars, if those contracts are implemented and the authority and companies agree on feasibility studies.
The region aims to localize this type of industry in its integrated areas in Sokhna and East Port Said, and preparations are currently being made to establish these projects in Sokhna, due to its readiness as an industrial zone as well as its proximity to Sokhna Port, the largest of the Red Sea ports, and the huge development work that the port is witnessing, which qualifies it to attract many investments and facilitate import operations. and export.
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