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Tag: Suez Canal Economic Zone
toyota

SCZone, Toyota Tsusho sign MoU on low-carbon energy projects

Posted: August 21, 2022 at 11:43 am   /   Renewables

The Suez Canal Economic Zone (SCZone) and Japan’s Toyota Tsusho signed an agreement to conduct feasibility studies for joint projects in low-carbon infrastructure, renewable energy, water, green and blue hydrogen, and blue and green ammonia, the SCZone said Wednesday. Toyota last week presented to the Oil Ministry the results of an initial six-month study into producing blue ammonia in Egypt. (Source: […]

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DP World

SCZone, DP World Sokhna partner up for new logistics service zone

Posted: August 21, 2022 at 11:38 am   /   Oil & Gas

A new logistics zone in Sokhna: The Suez Canal Economic Zone’s (SCZone) Main Development Company (MDC) and DP World Sokhna have signed an agreement to build a USD 80 mn logistics zone at Sokhna Port, a statement by the SCZone read. The details: Construction on the first phase of the zone will kick off in the coming months, which will cost […]

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total-eren-enara-green-hydrogen

Total Eren, Enara Capital to build green ammonia facility in Egypt’s SCZone

Posted: May 14, 2022 at 12:58 pm   /   Renewables

Egypt inked a memorandum of understanding with an alliance that includes Total Eren and Africa-focused SME investor Enara Capital to build a green ammonia plant in the Suez Canal Economic Zone (SCZone), according to a cabinet statement. The facility will initially produce 300k tons of ammonia each year and this will increase to 1.5 mn at […]

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Masdar

Masdar signs landmark agreements to develop 4 GW green hydrogen plants in Egypt by 2030

Posted: April 26, 2022 at 2:34 pm   /   Renewables

• Masdar and Hassan Allam Utilities sign Memorandums of Understanding with entities including The General Authority for Suez Canal Economic Zone, New and Renewable Energy Authority, the Egyptian Electricity Transmission Company and The Sovereign Fund of Egypt • Masdar and Hassan Allam Utilities will set up a strategic platform that aspires to take a leading role […]

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Hydrogen

EDF Renewables, ZeroWaste sign agreement for $3bn green ammonia production in Egypt

Posted: April 21, 2022 at 1:55 pm   /   Renewables

Egypt’s Suez Canal Economic Zone (SCZONE) has signed a memorandum of understanding (MoU) with a consortium of EDF Renewables and ZeroWaste for the production of 350,000 tonnes of green fuel annually in the Ain Sokhna region to supply ships. The project involves USD 3 billion (EUR 2.77bn) of investments and will be implemented in several […]

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maersk

Maersk inks new deals in Egypt to speed up green fuel production

Posted: March 30, 2022 at 7:46 pm   /   Renewables

Danish shipping giant Maersk and Egyptian authorities have signed a partnership agreement to jointly explore the establishment of large-scale green fuel production in the country in the pursuit of net-zero shipping. Following the recent fuel sourcing deals, Maersk signed a Memorandum of Understanding (MoU) with the authorities’ representative in the presence of the Egyptian Prime Minister […]

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EDF

EDF Renewables among six consortiums eyeing $1 bn SCZone green ammonia plant

Posted: March 21, 2022 at 11:31 am   /   Renewables

France’s EDF Renewables and Egypt’s ZeroWaste are together one of six international consortiums currently in talks with the Suez Canal Economic Zone (SCZone) to establish a USD 1 bn green ammonia plant that would produce green fuel for ships, SCZone head Yehia Zaki told Enterprise, confirming a report from Al Borsa. Zaki declined to name the other companies […]

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Scatec Signing-Egypt

Scatec and partners to develop large-scale green ammonia facility in Egypt

Posted: March 14, 2022 at 9:25 pm   /   Renewables

Scatec has today signed a memorandum of understanding (MOU) with the General Authority for Suez Canal Economic Zone (SCZONE), The Sovereign Fund of Egypt (TSFE), the Egyptian Electricity Transmission Company (EETC), and the New and Renewable Energy Authority (NREA), to jointly develop a green ammonia facility in Egypt with a production capacity of one million […]

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Hydrogen

Egypt approves H2 Industries’ $3bn waste-to-hydrogen plant in East Port Said

Posted: February 2, 2022 at 1:04 pm   /   Renewables

East Port Said is getting a USD 3 bn green hydrogen hub: The Suez Canal Economic Zone has given H2 Industries, a German-based energy storage company, preliminary approval to develop a USD 3 bn waste-to-hydrogen plant in East Port Said, executive chairman Michael Stusch told the National. The plant will consume 4 mn tonnes of waste a year, […]

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Anchorage

Anchorage Investments to develop $2.5 bn petrochemical mega-project in Suez Canal

Posted: October 5, 2021 at 12:30 pm   /   Oil & Gas

The project is expected to help increase the annual domestic production by 812 thousand tons and create more than 2,500 new jobs in the sector. Egypt’s new investment law provides legislation and guarantees that encourage foreign investments. Anchorage Investments, a company specializing in the development, investment and operation of industrial projects in the petrochemical sector, […]

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