Energy Egypt in $4bn deal to build waste-to-energy facility By Reuters June 1, 2022 The Suez Canal Economic Zone project targets production capacity of 300,000 tonnes of green hydrogen per year. Image: Ships and boats are seen at the entrance of Suez Canal, March 28, 2021. REUTERS/Mohamed Abd El Ghany/File Photo Egypt’s Suez Canal Economic Zone (SCZONE) and H2-Industries have signed a memorandum of understanding (MoU) to build a waste-to-hydrogen facility at a greenfield site in east Port Said with an estimated cost of $4 billion, an SCZONE statement said on Wednesday. The project targets production capacity of 300,000 tonnes of green hydrogen per year, the statement added. Egypt, which will host the COP27 climate summit in November, has recently signed a series of MoUs for green hydrogen and ammonia projects.