Egypt is to establish the country’s first green methanol production project in Damietta Port with investments worth around $450 million. It will “contribute to placing Egypt on the global map of nations that produce green fuel for ships,” said the Ministry, as quoted by state media. Egypt, Japanese bank to cooperate on renewable energy projectsMethanol fuel project for Egypt to expand export of green productsThe methanol project will also provide new opportunities for the Egyptian petrochemical sector to export green products, the Ministry said. Under the agreement, a seawater desalination plant and green methanol production and storage stations would also be built. More MoUs for green hydrogen production development in EgyptThe project will see Egypt establish its first station to supply ships with green bio-fuel.

Source: The North Africa Journal May 15, 2023 08:34 UTC