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HomeNewsSuez Canal and Scatec sign $1.1-B green methanol MoU

Suez Canal and Scatec sign $1.1-B green methanol MoU

12/4/2023 10:20:00 AM

(Reuters) - Egypt's Suez Canal economic zone and Scatec ASA have signed a memorandum of understanding worth $1.1 B to supply ships with green fuel, a Suez Canal statement said on Sunday.

The MoU agreed on the sidelines of the COP28 conference held in Dubai envisages production of 100,000 tons of green methanol per year by 2027, the statement said.

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