In the United Arab Emirates (UAE), Zawya reported that Egypt’s Suez Canal Economic Zone (SCZONE) announced that it has signed a framework agreement with Indian company ACME to start construction work on a planned green hydrogen project in Sokhna in early 2024.
In August 2022, SCZONE had signed a memorandum of understanding with ACME Group to establish a green hydrogen production plant with a total annual capacity of 2.2 million tons in Sokhna.
According to the report, SCZONE said the $12 billion project would be built over an area of 4.5 million square meters, adding that the project will produce 100,000 tons per annum in the pilot phase.
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