World's First Waste-to-Hydrogen Plant to Be Built in Post Said
The USD 4 billion investment is intended to create 300,000 tonnes of green hydrogen each year.
The Suez Canal Economic Zone (SCZone) has signed a Memorandum of Understanding (MoU) with Germany's H2 Industries to establish the world's first waste-to-hydrogen facility. The USD 4 billion investment is intended to create 300,000 tonnes of green hydrogen each year.
To be built in east Port Said, the plant will receive up to four million tonnes of rubbish each year, with waste cargoes being kept at the Suez Canal's Mediterranean entry.
The deal will be finalised during the upcoming COP27 United Nations Climate Change Conference in November, which will take place in Sharm El Sheikh.