Egypt’s Suez Canal Economic Zone (SCZONE) and H2-Industries have signed a memorandum of understanding (MoU) to build a waste-to-hydrogen facility at a greenfield site in east Port Said with an estimated cost of $4 billion, an SCZONE statement said on Wednesday.
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The project targets production capacity of 300,000 tons of green hydrogen per year, the statement added.
Egypt, which will host the COP27 climate summit in November, has recently signed a series of MoUs for green hydrogen and ammonia projects.
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