Egypt’s PM evaluates global offers of green hydrogen projects in SCZone

Egypt’s PM evaluates global offers of green hydrogen projects in SCZone

Prime Minister Mostafa Madbouly met on Monday with Yehia Zaki, the Chairperson of the Suez Canal Economic Zone (SCZone), to review global offers for green hydrogen projects in the Suez Canal Economic Zone (SCZone).

Madbouly confirmed the Egyptian state’s keenness to attract many investments to the SCZone, especially clean energy projects.

This requires intensifying efforts to optimise the strategic and vital location of the Suez Canal hub, which seeks to become a global logistics and economic centre, particularly in green hydrogen projects.

During the meeting, Zaki said that the region is targeting transitioning to a green economy and its various industrial applications, such as the green hydrogen industry, which is one of the most important sources of clean energy globally, and which attracts international investors.

He also pointed out that the zone offers unprecedented opportunities to raise the channel’s competitiveness and turn it into a global hub for green fuel ship supply, especially since the region has received a number of global offers for green hydrogen projects.

In light of this, Zaki reviewed the offers submitted to the zone for the establishment of green hydrogen projects, which included several companies specialised in this field.

Among these was the first project for the production of green ammonia