A deal for a green fuel project in Egypt is anticipated to be signed by Maersk and the General Authority for the Suez Canal Economic Zone (SCZONE) at COP 27 next month.
In a recent press release, SCZONE stated that COP 27 in Sharm El-Sheikh, Egypt, will see the signing of a contract for carrying out the project’s pilot phases.
The Danish shipping behemoth revealed in March that it had signed a memorandum of understanding (MoU) with SCZONE, the New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company (EETC), and the Sovereign Fund of Egypt (TSFE) to carry out a feasibility study on hydrogen and green marine fuel production powered by renewable energy in Egypt with Maersk as a committed off-taker.
According to the SCZONE statement, Maersk and Siemens Energy are collaborating on technical studies that include selection of production sites and optimal production processes for e-Methanol.
Chairman Waleid Gamal Eldein said: “SCZONE is thrilled with the cooperation between Maersk and Siemens Energy on this project, which in turn is enriching the accuracy of technical studies related to the optimal production process of e-Methanol.”
In March, Danish green energy project developer and operator, European Energy, awarded a contract to Siemens Energy to supply a 50-megawatt electrolyser plant for its e-Methanol production facility to supply Maersk and the fuel retailer Circle K, among others.
In the same month, Maersk announced strategic partnerships with six companies—CIMC ENRIC, European Energy, Green Technology Bank, Orsted, Proman, and WasteFuel—with the goal of sourcing at least 730,000 tonnes/year of green methanol by the end of 2025 to power a fleet of 12 ships with a capacity of 16,000 TEU.
