$4bn Waste-To-Hydrogen Facility Agreement signed in Egypt
The General Authority for Suez Canal Economic Zone (SCZONE) has signed a Memorandum of Understanding with H2-Industries Inc. to build a new waste-to-hydrogen facility. Hydrogen Industry Leaders explores how the agreement will benefit the area of East Port-Said.
Located on the Suez Canal, it is hoped that the project will power Egypt’s domestic energy transition to allow the country to become an exporter of clean hydrogen.
Producing a capacity of 300,000 tonnes of green hydrogen annually, it will also dispose of four million tonnes of Municipal Solid Waste (MSW) annually.
H2-Industries aims to use a fleet of hydrogen-powered waste trucks to transport the MSW to the waste-to-hydrogen production site.
CEO of H2-Industries, Michael Stusch, said: “This project has the double benefit of creating valuable clean hydrogen while addressing the important issue of waste management by using organic waste, including plastic waste.
“This is just the first of three international projects where governments, around the globe, realise that organic waste and especially plastic waste, if treated correctly, can be a valuable asset and used to generate significant amounts of clean energy with our project in East Port Said.”