Suez Canal and Scatec sign $1.1 bln green methanol MoU

Scatec ASA

03/12/2023 09:07

CAIRO, Dec 3 (Reuters) - Egypt's Suez Canal economic
zone and Scatec ASA  have signed a memorandum of understanding
(MoU) worth $1.1 billion 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 tonnes of green
methanol per year by 2027, the statement said.

 (Reporting by Yusri Mohamed
Editing by David Goodman
)
 ((omar-abdelrazek@thomsonreuters.com;))