Egypt's Suez Canal Economic Zone (SCZone) plans to start transition to green bunker fuel for ships crossing the canal by 2026, its chairman Walid Gamal El-Din said on Tuesday. The SCZone is racing the time for the production of green hydrogen, green ammonia, and e-methanol, as part of Egypt's plan to become a global hub for producing and exporting green energy and to generate 42 percent of its electric power using renewable sources by 2035. Over the past year, Egypt signed 16 memoranda of understanding on green ammonia and green hydrogen production in SCZone with international partners, nine of which were turned into contracts. The country unveiled its low-carbon hydrogen strategy during the 27th UN Climate Change Conference (COP27) held in Sharm El-Sheikh and announced partnerships with international partners, including the EU, on green hydrogen.
