Egypt and Maersk ramp up green plans: Egypt’s Suez Canal Authority (SCA) signed an agreement with Danish shipping giant AP Moeller-Maersk to extend cooperation in the green transition, according to a statement released on Thursday. The SCA and Maersk also discussed development plans for the Suez Canal Container Terminal (SCCT) in East Port Said and transforming it to a smart and environmentally friendly terminal, the statement added.

What we know: SCA Chairman Osama Rabie said the agreement involves exchanging expertise in training and the green transition in a bid to develop the climate-friendly work mechanisms needed to achieve an ambitious strategy to declare the Suez a “green canal” by 2030, the statement notes. A potential cooperation between the authority’s arsenals and Maersk in ship recycling will also be examined, the statement added.

And potential green hydrogen cooperation? Rabie also discussed with representatives from Danish green investment company Copenhagen Infrastructure Partners (CIP) setting up green hydrogen related projects, the statement said, without providing further details.

REMEMBER- The world’s first ever green methanol-powered container ship transited the Suez Canal in August. A six-hour refueling of the vessel by Dutch-based chemical producer OCI Global was completed with 500 tons of the green fuel in East Port Said. The refueling operation took place under a partnership with Maersk.

OCI and Maersk have big plans for Egypt: OCI and Adnoc joint venture Fertiglobe began in November commissioning of their 100 MW green hydrogen plant in Egypt’s Ain Sokhna, which will generate feedstock for green ammonia production once operational in 2024. Maersk said it would cooperate with Egypt on a USD 15 bn project to produce clean fuel for ships back in September last year.

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