Egypt and Norway back in May signed an agreement to jointly develop a new green methanol production project, which is the first of its kind in Egypt and the Middle East. Nine key points about the project:1- The new project aims to produce 40,000 thousand tons annually of green methanol, which can be increased to 200,000 tons annually. 2- The project comes as part of Egypt’s overall goal towards transitioning to green production, which opens new export horizons for the Egyptian petrochemical sector of green products. 4- Green methanol is a clean fuel. 5- The project, which Scatec attaches great importance to, will help in placing Egypt on the global map of countries producing green fuel to supply ships.

Source: Egypt Independent June 25, 2023 00:24 UTC