Egypt's SCZONE Signs MoU on $4bln Waste-to-Hydrogen Plant

An aerial view of the Gulf of Suez and the Suez Canal are pictured through the window of an airplane on a flight between Cairo and Doha, Egypt, November 27, 2021. REUTERS/Amr Abdallah Dalsh

Egypt's Suez Canal Economic Zone (SCZONE) and H2-Industries have signed a memorandum of understanding (MoU) to build a waste-to-hydrogen facility at a greenfield site in east Port Said with an estimated cost of $4 billion, an SCZONE statement said on Wednesday.

The project targets production capacity of 300,000 tons of green hydrogen per year, Reuters quoted the statement as saying.