Before the United Nations Climate Change Conference (COP27) summit in Egypt in 2022, the Suez Canal Economic Zone (SCZONE), German energy company Siemens Energy, and the Danish shipping giant Maersk met to discuss green hydrogen projects.
In preparation for signing the final contracts to carry out the pilot phases of the projects, the parties discussed the framework of the feasibility studies conducted by the companies during the meeting.
Due to the unique characteristics of green fuel projects in relation to their modernity, the required technology, and the logistical nature of the sites in which they are located, Waleid Gamal Eldein, Chairman of SCZONE, stated that the organization would “provide full support to the companies that have signed memoranda of understanding for the settlement of green fuel, especially with regard to the technical support in the phase of feasibility studies.”
“To achieve the best results that enable our partners to realize these potential projects according to the anticipated schedule, the technical studies stage always involves close cooperation.”
Kay Fischner, Maersk’s Head of Strategic Decarbonization Projects, stated that the business is determined to finish the project since technical research on the best location for production is now being conducted. This will aid in figuring out how the feeding industries will get to the facility that will be used, as well as in researching all logistical, financial, and legal options for the project.
Recall that Maersk and the Egyptian government inked a partnership agreement in March of this year to investigate setting up a large-scale green fuel production in the nation in an effort to achieve net-zero shipping.