Egypt's Suez Canal Economic Zone and the German H2 Industries Company, a leading firm in energy storage, have inked an MOU to build the first plant to convert waste into Hydrogen globally
Once built, it will be the first plant of its kind to convert waste into hydrogen globally once built, according to the Information and Decision Support Center of the Egyptian Cabinet (IDSC)
The plant is located in East Port Said, with an investment value of 4 billion dollars, a production capacity of 300,000 tons per year of green hydrogen, and an annual feeding with 4 million tons of organic waste and plastic, which will be kept at the Mediterranean entrance of the Suez Canal.
The waste is planned to be kept at the Mediterranean entrance to the Suez Canal. The final signature will be during the Cop27 that will take place in November in Sharm El-Sheik, Red Sea.
"It's a breakthrough in making green H2 economically valuable," said the CEO of the German firm Michale Stusch at the signing ceremony that took place in the New Capital district, noting that the new plant will take tones of wastes that collect in Egypt and turn it to green hydrogen, which is produced by splitting water by electrolysis.
It's worth mentioning that China consumes and produces more hydrogen than any other country – its current annual usage is more than 24 million tonnes. Emissions-free “green” hydrogen is generated using renewable energy.




