India-based ReNew Power, Egypt to invest $8B in green fuels production in Suez Canal zone
Green Car Congress
JULY 29, 2022
The MoU is preliminary agreement to establish an industrial complex project with total targeted investments estimated at $8 billion, said Yehia Zaki, chairman of the Suez Canal economic zone. The first phase will be in 2023-2025, with about $710 million targeted to produce 100,000 tons of green ammonia and 20,000 tons of green hydrogen.
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