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India-based ReNew Power, Egypt to invest $8B in green fuels production in Suez Canal zone

Green Car Congress

The MoU is preliminary agreement to establish an industrial complex project with total targeted investments estimated at $8 billion, said Yehia Zaki, chairman of the Suez Canal economic zone. The first phase will be in 2023-2025, with about $710 million targeted to produce 100,000 tons of green ammonia and 20,000 tons of green hydrogen.

Egypt 259
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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

Green Car Congress

Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. mtpa low-carbon hydrogen capacity was announced in the US, Denmark, Egypt, Canada, Portugal, and other countries.

Hydrogen 473
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AFRY, RINA study points to feasibility and attractiveness of Gulf-to-Europe hydrogen pipeline

Green Car Congress

With abundant renewable energy sources (RES) and natural gas reserves, the Gulf region is set to become a leading global producer of green and blue hydrogen, ammonia and other synthesis products. These options receive EU subsidies and drive activity within the gas/hydrogen industry, but they may not be most efficient for bulk transport.

Europe 370
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Tesla Megapack battery project proposed on Mount Sinai

Teslarati

A battery energy storage system (BESS) backed by Tesla Megapacks was proposed in Mount Sinai in Egypt this week, though some people from the local community have expressed opposition to the proposal. ” The site is also zoned for transitional business, and New Leaf Energy has proposed changing its status to a light industrial site.

Tesla 126
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Chip Fabs Go Green

Cars That Think

At this week's COP27 climate conference in Egypt , attendees will have a new group to contend with: an alliance of more than 60 companies involved in the electronics supply chain. But it also includes some fabless companies such as AMD, Google, and Microsoft. We have to get in now, because of all the investment that's coming," says Bhat.

Green 95
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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

CCC and Fusion Fuel have agreed to cooperate on projects involving the production of green hydrogen for potential clients in the refining and petrochemical industries in order to reduce their carbon footprint. (Offshore) (CCC), to develop green hydrogen plants in the Middle East. Many more will follow.

Fusion 170
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Maersk, Egyptian authorities sign partnership agreement to explore large-scale green fuel production in Egypt

Green Car Congress

Egypt has excellent conditions for renewable energy production and ambitions to become global leader in the green energy value chain. For Maersk, our recently announced strategic partnerships with six industry leading companies are key in addressing this challenge, but to stay on the 1.5-degree

Egypt 284