The Suez Canal Economic Zone (SCZone) signs an MoU with H2 Industries to build Egypt’s first waste-to-hydrogen plant in East Port. The agreement involves producing green hydrogen from waste recycling in the East Port Said integrated zone. H2 Industries is a global hydrogen generation and energy storage solutions company based in New York. The project will increase the development of valuable clean hydrogen and tackle waste management issues with organic waste. The $4 billion facility will convert 4 million tonnes of municipal solid waste into 300,000 tonnes of green hydrogen annually. Egypt aims to grow its renewable energy sources from 20% to 42% by 2035 and become a global leader in a new hydrogen economy.
Egypt is one of the world’s top three green hydrogen pipelines, along with Australia and Mauritania, with its green hydrogen project at 11.62 gigawatts, equivalent to over 1.57 million tonnes of green hydrogen. Egypt’s Suez Canal sits between three continents and carries nearly 12% of all the seaborne freight in the world. In addition, Egypt has other favorable factors such as location, natural gas infrastructure, liquefaction facilities, bunkering market, marine ports, and high solar and wind potential. The Suez Canal Economic Zone has other international agreements aiming to turn organic waste into a valuable asset to generate clean energy.
