Egypt’s Suez Canal Economic Zone Authority (SCZone) and state-owned China Energy Engineering Corp. (Energy China) are close to activating a Memorandum of Understanding (MOU) signed by the two parties, according to an Egypt Oil and Gas report, citing SCZone Chairman Walid Salah.
According to the agreement, Energy China is set to establish an industrial complex to produce green hydrogen and green ammonia in the Sokhna integrated economic zone. The project is envisaged to produce 1.2 million mt/y of green ammonia and 210,000 mt/y of green hydrogen.
The required investment is put at nearly $7 billion.