The Suez Canal Economic Zone in Egypt has inked a $6.75 billion agreement with China Energy for the development of green ammonia and green hydrogen projects in the Sokhna Industrial Zone, as per a statement from the cabinet released on Tuesday.
Egypt’s Suez Canal Economic Zone signs energy deals worth up to $14.75 billion
Representative Image: AP
DUBAI: Egypt’s Suez Canal Economic Zone has signed a deal worth $6.75 billion with China Energy for green ammonia and green hydrogen projects to be established in the Sokhna Industrial Zone, a cabinet statement said on Tuesday.
It also signed deal with Hong Kong-listed United Energy Group to establish a potassium chloride production complex with an expected investment of up to $8 billion, the statement said.