Cairo-based Magnom Properties announces world's 1st LOHC-powered tower

Cairo-based Magnom Properties announces world's 1st LOHC-powered tower

Magnom Properties, an Egyptian subsidiary of Rawabi Holding, announced that the Forbes International Tower will be the first-of-its-kind project across the globe to run entirely on the liquid organic hydrogen carrier (LOHC) system. In a press release, Magnom Properties highlighted that LOHC technology enables hydrogen to be stored, transported, and released in a safe and eco-friendly manner. Magnom Properties inked a memorandum of understanding (MoU) with Schneider Electric and H2-Enterprises to tap into the long-term potential of clean hydrogen to boost the ambitious zero carbon emission goals of the coming project. The Forbes International Tower is planned in the UAE, Saudi Arabia, and Egypt. It will tackle critical energy challenges by deploying clean hydrogen produced in a climate-neutral manner from renewable waste sources to power the needs of its operations. The futuristic tower will deploy the proprietary technologies of H2-Enterprises to generate clean hydrogen by using previously non-recyclable plastics and other organic wastes as feedstock for its energy production. It will also leverage Schneider Electric’s advanced digital solutions for energy management to power the all-time needs of its operations in a sustainable manner. Magnom Properties and Forbes in Egypt’s New Administrative Capital (NAC) last January. said: noted: Chadli mentioned. indicated: