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Egypt to cooperate with Maersk on $15 bln clean fuels project for ships: Presidency

Published: Updated:

Egypt’s President Abdel Fattah al-Sisi has directed the government to cooperate with AP Moeller-Maersk to establish a network to produce and distribute green energy and clean fuels for ships, a presidency spokesperson said on Monday.

Maersk Chief Executive Soren Skou discussed with Sisi during their meeting a project to produce clean fuel for ships with investments of $15 billion, the statement added.

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There were no immediate details on the mechanism of the cooperation.

Read more: Maersk plans to launch world’s first carbon-neutral container ship in 2023

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