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    China Energy to establish $7B green hydrogen project in Ain Sokhna

    May 24, 2023 - Arab Finance


      Arab Finance:China Energy Engineering Corporation is planning to invest nearly $7 billion to establish a project for the production of green hydrogen and ammonia at the industrial park of Ain Sokhna, the Suez Canal Economic Zone (SCZONE) stated on May 24th.

      The project is set to produce 1.2 million tons of green ammonia and 210,000 tons of green hydrogen per year.

      During his meeting with the Chinese company's representatives in Beijing, SCZONE's CEO Waleid Gamal El-Dein announced that the memorandum of understanding (MoU) signed with China Energy with respect to the green hydrogen project will be activated soon as a framework agreement.

      Tags SCZone China Energy


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