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He added, in an interview with Iqtisad, Sky News Arabia, that the total investments for the four projects signed by the authority during the last period amounted to about 10 billion dollars, indicating the possibility of signing two new memoranda of understanding before the end of this month.
And 4 Egyptian government agencies signed, including the economic zone for the Suez Canal Reciprocal Egypt Sovereign Memorandum of Understanding with Alliance green fuel which includes my company "Zero West" And"EDF Renewables" To produce 350 thousand tons of green fuel annually to supply ships in the Ain Sukhna region, with investments amounting to 3 billion dollars.
It also signed another memorandum of understanding with the company "Emia Power" The UAE has established a project to produce about 390,000 tons of green ammonia annually within the economic zone of the Suez Canal.
green fuel complex
Zaki indicated that the authority is currently studying the allocation of space within the economic zone to establish an integrated complex for the manufacture of products green fuel Through renewable energies that are generated either from solar energy Or wind energy and then transport these products to the port of Sokhna.
"The aim of these memoranda is to create a climate for global alliances to start the financial, technical and legal studies necessary to reach the stage of contracting with Egypt during the upcoming climate conference in Sharm El Sheikh COP27." According to Zaki.
I fell Egypt A memorandum of understanding during the past two weeks with a consortium that includes a company "your silence" Norwegian to set up a manufacturing facility green ammonia With a capacity of one million tons per year using green hydrogen and another memorandum of understanding with the company "Maersk" To establish a project to provide clean energy and green fuels in sufficient quantities to reach zero carbon emissions in shipping. "Maersk" Equipping 12 ships to work with green hydrogen.
"Green fuel projects are very important to us, and we are now in the stage of preparing and signing memoranda of understanding with a group of 4 global alliances, and before the end of this month, we expect to sign two new memoranda of understanding for the production of green fuel." According to Zaki’s statements to the economy of Sky News Arabia.
He stressed that the percentage of partnership in these projects has not yet been determined, and that the total investments for the four projects for which memorandums of understanding have been signed are close to $10 billion, expecting to produce about 5 to 6 million tons of green ammonia and green hydrogen during the first phase of these projects.
Additional incentives
Zaki stressed that Egyptian Cabinet It is currently studying an additional set of incentives to be granted to green fuel production projects located within the Suez Canal Economic Zone.
Egyptian Prime Minister Mostafa Madbouly confirmed that Egypt is accelerating the pace towards adopting proposals aimed at attracting more foreign investments in the field of green hydrogen production, including the adoption of additional incentives for investment in this field.
He added that the current period is witnessing an update "energy strategy" To include green hydrogen as an energy source, in support of its strategy towards becoming a regional center for new and renewable energy and a sustainable development strategy "Egypt 2030".
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He added, in an interview with Iqtisad, Sky News Arabia, that the total investments for the four projects signed by the authority during the last period amounted to about 10 billion dollars, indicating the possibility of signing two new memoranda of understanding before the end of this month.
And 4 Egyptian government agencies signed, including the economic zone for the Suez Canal Reciprocal Egypt Sovereign Memorandum of Understanding with Alliance green fuel Which includes the companies “Zero West” and “EDF Renewables” to produce 350,000 tons of green fuel annually to supply ships in the Ain Sukhna region, with investments amounting to 3 billion dollars.
Also, another Memorandum of Understanding was signed withEmia Power“The UAE to set up a project to produce about 390,000 tons of green ammonia annually within the economic zone of the Suez Canal.
green fuel complex
Zaki indicated that the authority is currently studying the allocation of space within the economic zone to establish an integrated complex for the manufacture of products green fuel Through renewable energies that are generated either from solar energy Or wind energy and then transport these products to the port of Sokhna.
“The aim of these memoranda is to create a climate for global alliances to start the financial, technical and legal studies necessary to reach the stage of contracting with Egypt during the upcoming climate conference in Sharm El Sheikh COP27.” According to Zaki.
I fell Egypt A memorandum of understanding during the past two weeks with a consortium that includes the Norwegian company “Scatec” to establish a manufacturing facility green ammonia With a capacity of one million tons per year using green hydrogen and another memorandum of understanding with the companyMaerskTo establish a project to provide clean energy and green fuels in sufficient quantities to reach zero carbon emissions in shipping, so that Maersk is equipping 12 ships to work with green hydrogen.
“Green fuel projects are very important to us and we are now in the process of preparing and signing memoranda of understanding with a group of 4 global alliances, and before the end of this month we expect to sign two new memoranda of understanding for the production of green fuel.” According to Zaki’s statements to the economy of Sky News Arabia.
He stressed that the percentage of partnership in these projects has not yet been determined, and that the total investments for the four projects for which memorandums of understanding have been signed are close to $10 billion, expecting to produce about 5 to 6 million tons of green ammonia and green hydrogen during the first phase of these projects.
Additional incentives
Zaki stressed that Egyptian Cabinet It is currently studying an additional set of incentives to be granted to green fuel production projects located within the Suez Canal Economic Zone.
Egyptian Prime Minister Mostafa Madbouly confirmed that Egypt is accelerating the pace towards adopting proposals aimed at attracting more foreign investments in the field of green hydrogen production, including the adoption of additional incentives for investment in this field.
He added that the current period is witnessing an update of the “energy strategy” to include green hydrogen as an energy source, which supports its strategy towards becoming a regional center for new and renewable energy and the sustainable development strategy “Egypt 2030”.