Egypt's Suez Canal Economic Zone is expected to sign green energy deals worth around $25 billion at the United Nations climate change summit Cop27 in November in the Red Sea city of Sharm el-Sheikh. A SCZone spokesperson told The National that about five of the 16 memorandums of understanding SCZone has signed with international companies since March could lead to a final agreement at the meeting. SCZone signed seven agreements worth at least $31 billion to build green hydrogen and ammonia production facilities. It had previously signed seven preliminary agreements worth more than $14 billion.

SCZone's vision is to make it a regional and global hub for green fuel production, as it plans to announce several projects and final contracts while Egypt is hosting Cop27. Hydrogen is expected to account for 12% of global energy use and 10% of carbon dioxide emissions reductions by 2050, driven by the urgency of climate change and countries' commitment to achieve net-zero emissions, the International Renewable Energy Agency said. This colorless, odorless gas comes in many forms, including blue, green, and gray. The blue and grey hydrogen come from natural gas, while the green hydrogen is produced using renewable resources.

According to a study by the Abu Dhabi-based Clean Energy Business Council, within the 460-kilometer SCZone area, 15 planned projects will be located in the Ain Sokhna Economic Zone on the west side of the Gulf of Suez, and 1 will be located in the Ain Sokhna Economic Zone near the north exit of the Suez Canal. East of Hong Kong. The integration between the industrial zone and the attached port gives SCZone a competitive advantage, making it one of the most important global destinations and a regional hub for the green fuel industry.

The seven deals signed at the Egyptian government headquarters in New Alamein were between SCZone, Egypt's sovereign fund, the Egyptian Electricity Transmission Company and companies from Egypt, India, Saudi Arabia, the UK and the UAE.

India's Acme Group, which currently has projects in India and Oman, will build a $13 billion hydrogen production plant with a combined annual capacity of 2.2 million tonnes. Globeleq, a British company focused on Africa, plans to spend $11 billion to build a green fuel production plant covering 10 million square meters with an annual production capacity of 2 million tons. Saudi Arabian company Alfanar said it aims to develop a $3.5 billion hydrogen centre in Sokhna that will produce 500,000 tonnes of green ammonia a year from 100,000 tonnes of green hydrogen. The green ammonia used to make fertilizers is made from hydrogen produced by electrolysis of water from alternative energy sources.

Alfanar has renewable energy projects in Egypt, India, Saudi Arabia, Spain and the UK. It currently operates a 50 MW solar project at the Benban Solar Park in Aswan. The company said the electricity generated by the solar power plant could offset about 57,000 tonnes of carbon dioxide emissions annually. The UAE's Alcazar is looking to build a $2 billion green fuel production complex with an annual capacity of 230,000 tonnes. K&K Group, also from the UAE, plans to build a green hydrogen production plant with the same capacity. Keywords: engineering news, overseas news

Acting United's $1.5 billion project will build a green fuel production plant with an annual capacity of 200,000 tons. Finally, Egypt's Mediterranean Energy Partners will invest $250 million to build a green synthetic ammonia plant with an annual capacity of 120,000 tons. The companies will now begin feasibility studies on the projects, SCZone said.Editor/XingWentao