Egypt’s President Abdel Fattah Al-Sisi on Monday met with Soren Seko, CEO of shipping giant Maersk to discuss a project to produce clean fuel for ships in Egypt with a $15-billion investment, the Daily News Egypt reported.
Al-Sisi also discussed cooperation with Maersk to establish an integrated national network in Egypt to produce and distribute green fuel for ships, depending on new and renewable energy sources, in integration with the state’s efforts to preserve the environment.
Egypt has been aiming to decarbonise existing oil and gas facilities across the country and deliver to align with its climate change strategy.
Maersk CEO Seko expressed his appreciation toward extended cooperation with Egypt through the Suez Canal Authority, praising the continuous development and modernisation of the Suez Canal and its infrastructure, which makes Egypt a pivotal centre to supply and refuel ships with green fuel in the region.
The meeting also discussed ways to enhance cooperation between the Suez Canal Authority and Maersk, especially in training, exchange of experience, maritime transport, logistics, container handling terminals, and marine services.