Egypt’s Suez Canal Economic Zone (SCZone) has signed an agreement with Germany’s H2 Industries to build a new waste-to-hydrogen facility at a new greenfield site in East Port Said, at an estimated cost of $4bn.
Eng Yehia Zaki, chairman of SCZone and Michael Stusch, chief executive for H2 Industries signed the agreement on the sidelines of the ‘Egypt Can’ industrial conference that was held by the Egyptian Ministry of Emigration.
“This agreement between SCZONE and H2 Industries is to pave the way towards producing green hydrogen project from waste recycling in East Port-Said integrated zone,” Eng Zaki said.
“The MOU is not mandatory until H2 Industries finish all the feasibility studies we need to go ahead with the final contract coinciding with COP27 next November,” he added.
“This project has the double benefit of creating valuable clean hydrogen while addressing the important issue of waste management by using organic waste, including plastic waste. This is just the first of three international projects where governments, around the globe, realise that organic waste and especially plastic waste, if treated correctly, can be a valuable asset and used to generate significant amounts of clean energy with our project in East Port Said,” Stusch said.
H2 Industries to power Egypt’s hydrogen economy
H2 Industries will produce clean hydrogen powering Egypt’s domestic energy transition and allowing it to become an exporter of clean hydrogen and a global leader in a new hydrogen economy.
“We are convinced that waste-to-hydrogen power plants, with its unique impact on local GDP, local environment, and low-cost energy supply will become a significant part of each country’s energy portfolio, especially in Africa,” added Stusch.
This project targets a production capacity of 300,000 tonnes of green hydrogen per year, which means that the power plant will be able to dispose of 4 million tonnes of municipal solid waste per year, transported by a fleet of hydrogen-powered waste trucks which can be transported and used to fill storage tanks.
