Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Egyptian president follows up on initiatives to counter extremist thought    Egypt's SCZONE eyes deeper investment, port digitalisation ties with Singapore    Egypt's gold prices slip slightly on July 28th    Egypt's Housing Min. reviews HDP marketing plan    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egypt, South Africa pledge to deepen development cooperation at G20 meeting    Egypt's PM orders road maintenance review, tougher penalties to curb accidents    Egypt, Novartis explore expanding collaboration in oncology, cardiology    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Midar partners with Adeer to develop Boulevard project in Mostakbal City with EGP 70bn investment    Association of Real Estate Developers seeks urgent meeting over threatened land deallocation on Northwest Coast    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



SCZone chair discusses green fuel production cooperation with international companies at COP28
Published in Daily News Egypt on 02 - 12 - 2023

Waleed Gamal El-Dien, Chairperson of the General Authority for the Suez Canal Economic Zone (SCZONE), kicked off his participation at COP28 in the UAE by engaging in a series of meetings with major international companies eager to explore investment opportunities within the economic zone.
Gamal El-Dien met with representatives of ACWA Power to delve into strategies for activating the Memorandum of Understanding (MoU) signed with the company and expediting the progress of project feasibility studies.
He highlighted SCZONE's unwavering support for green fuel production initiatives, which have contributed to propelling the economic zone into a hub for this sector. The zone has also witnessed the export of the world's first ammonia shipment produced using electrolytically-generated hydrogen.
Gamal El Dien convened with Kim Fejjfer, Managing Partner and Executive Director of A.P. Moller Capital, a specialized fund management firm. They explored avenues for future collaboration, particularly in the realm of green fuel project financing.
Gamal El-Dien emphasized the need for financing to accelerate the pace of green fuel projects, while simultaneously stressing the importance of cost reduction measures for both production and operation to ensure optimal pricing for the final product.
The SCZONE Chairperson also held a meeting with George Weber, a member of the Executive Board of Directors of Wilo SE, a pump systems manufacturer headquartered in Dortmund, Germany.
Their discussion centered on fostering cooperation, given the water pump industry's critical role in supporting national projects. During the meeting, Gamal El-Dien showcased the economic zone's potential, highlighting the industrial zones that cater to this industry, the logistics zones that facilitate product transportation and storage, and the ports strategically positioned along the Red Sea and Mediterranean.
The SCZONE actively participated in a session titled "Green Hydrogen: from Advertising to Investment" within the Egyptian Pavilion at the Blue Zone to discuss strategies for supporting government entities and international institutions involved in green fuel projects through legislation and financing.
The session underscored SCZONE's commitment to providing the essential infrastructure to establish these projects and developing a dedicated investment incentive package for green energy projects to stimulate investment. It also emphasized the significance of financial and legislative support for green economy activities.


Clic here to read the story from its source.