Production

Norwegian developer signs $1.1bn deal to produce and supply green hydrogen-based methanol directly to ships in Suez Canal

Scatec plans to start up the project, capable of producing 100,000 tonnes of methanol, by 2027

Waleid Gamal El-Dien, chairman of the Suez Canal Economic Zone (left), Alaa Hagar, head of the Egyptian minister of petroleum’s technical office (centre), and Terje Pilskog, CEO of Scatec ASA (right) sign the agreement.
Waleid Gamal El-Dien, chairman of the Suez Canal Economic Zone (left), Alaa Hagar, head of the Egyptian minister of petroleum’s technical office (centre), and Terje Pilskog, CEO of Scatec ASA (right) sign the agreement.Photo: Suez Canal Economic Zone
Published 5 December 2023, 12:53Updated 5 December 2023, 13:15
EgyptScatecMethanolShippingAmmonia