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  • 12/3/2023

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News
Transcript
00:00 So what is Egypt waiting for in the latest agreements that support green projects?
00:07 We are talking about green fuel and Egypt's success in launching many projects.
00:13 Suez Canal's economy has signed a memorandum of understanding to guarantee ships with green fuel.
00:20 This is very important, especially if these companies or Suez Canal's economy want to get loans
00:27 by offering them to green markets.
00:30 And green markets always go to or its market is about anything or any projects that support the environment.
00:36 We are talking about the beginning of this project and this agreement.
00:40 A memorandum of understanding has been signed so far with the company Skatec A.S.A.
00:45 with an investment value of up to a billion and a hundred million dollars.
00:50 The goal of this memorandum is to produce green methanol with a volume of up to 100,000 tons annually
00:59 until 2027.
01:02 And for the Suez Canal, it guarantees ships with green fuel as a global demand.
01:09 And we are talking about the percentage of sea cargo in Egypt, responsible for 10% of global carbon emissions.
01:16 And therefore, facing this challenge of entering green economies is very important.
01:21 But we must always read what is behind these news, which is the source of Suez Canal's economy
01:28 after this memorandum, if it wants to get a loan or financing, to easily offer green fuel.

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