{"id":580093,"date":"2022-12-07T13:23:11","date_gmt":"2022-12-07T13:23:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/07\/this-evening-seven-companies-and-consortiums-to-begin-feasibility-studies-on-green-hydrogen-plants-china-is-scrapping-covid-zero-policies\/"},"modified":"2022-12-07T13:23:11","modified_gmt":"2022-12-07T13:23:11","slug":"this-evening-seven-companies-and-consortiums-to-begin-feasibility-studies-on-green-hydrogen-plants-china-is-scrapping-covid-zero-policies","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/07\/this-evening-seven-companies-and-consortiums-to-begin-feasibility-studies-on-green-hydrogen-plants-china-is-scrapping-covid-zero-policies\/","title":{"rendered":"THIS EVENING: Seven companies and consortiums to begin feasibility studies on green hydrogen plants + China is scrapping covid-zero policies"},"content":{"rendered":"<p><strong>Good afternoon, friends, and happy almost-THURSDAY to us all.<\/strong> It\u2019s a busy news day here at home \u2014 a theme we expect to carry through until the typical end-of-December lull.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a id=\"tldr-story-01\" class=\"content-anchor\"><\/a> <strong>More green hydrogen momentum:<\/strong> Egypt signed MoUs with seven companies and consortiums to begin conducting feasibility studies on new projects to set up facilities to produce green hydrogen and its derivatives, according to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02vtYZnkM2eF9inU4UX3GozRGL27qLVrufd5gRpSXmWbqJSkmw77PkYUnzFeCeE4enl\">a cabinet statement<\/a>. Fortescue Future Industries is separately also in talks with the Suez Canal Economic Zone over land allocation for its planned <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c49a1f98-886d-415a-8e3c-78a1227861fc\">9.2 GW green hydrogen<\/a> plant, <a href=\"https:\/\/www.alborsaanews.com\/2022\/12\/07\/1605887\">Al Borsa<\/a> quotes the company\u2019s President of Middle East, North Africa & Central Asia Moataz Kandil as saying.<\/p>\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><strong>China is officially rolling back many of its covid-zero policies<\/strong>, with the country\u2019s State Council announcing today that the government will no longer require proof of negative PCR tests for travel between cities. Individuals with asymptomatic or mild cases of covid can also self-isolate at home, instead of being forced to go to a hospital or centralized isolation facility. The story is on the front pages of <a href=\"https:\/\/www.cnbc.com\/2022\/12\/07\/china-eases-covid-restrictions-on-travel-and-production.html\">CNBC<\/a>, <a href=\"https:\/\/www.reuters.com\/world\/china\/china-allows-covid-cases-with-no-or-mild-symptoms-quarantine-home-2022-12-07\/\">Reuters<\/a>, the <a href=\"https:\/\/www.wsj.com\/articles\/china-scraps-most-testing-quarantine-requirements-in-covid-19-policy-pivot-11670398522?mod=hp_lead_pos1\">Wall Street Journal<\/a>, and the <a href=\"https:\/\/www.ft.com\/content\/b0c2f6fa-7164-4cf5-80ad-db029a5b66de\">Financial Times<\/a>.<\/p>\n<p><strong>SIGNS OF THE TIMES<\/strong>-<\/p>\n<ul>\n<li><strong>Morgan Stanley cutbacks:<\/strong> Morgan Stanley cut 2% of its global workforce yesterday, impacting 1.6k people from the company\u2019s 81.5k employees. (<a href=\"https:\/\/www.cnbc.com\/2022\/12\/06\/morgan-stanley-cut-about-2percent-of-staff-tuesday-sources-say-.html\">CNBC<\/a>)<\/li>\n<li><strong>In Europe, Meta will have to ask before it takes:<\/strong> EU privacy regulators are set to make it harder for Meta to use personal data for ads. According to a confidential decision, the social media giant will be required to get users\u2019 consent before showing users personalized ads. (<a href=\"https:\/\/www.reuters.com\/technology\/eu-raises-concerns-over-metas-targeted-ad-model-wsj-2022-12-06\/\">Reuters<\/a>)<\/li>\n<li><strong>Huge changes are underway in global semiconductor supply chains:<\/strong> Taiwanese chip giant TSMC plans to invest USD 40 bn to set up two semiconductor fabrication plants in Arizona, one of the largest foreign investments in US history. Washington has moved to reduce its reliance on East Asia as the global semiconductor manufacturing center in recent months amid concerns about a Chinese invasion of Taiwan. (<a href=\"https:\/\/www.cnbc.com\/2022\/12\/06\/tsmc-to-up-arizona-investment-to-40-billion-with-second-semiconductor-chip-plant.html\">CNBC<\/a>)<\/li>\n<\/ul>\n<hr class=\"grey-line\" \/>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>What business leaders think of the business of climate in Egypt:<\/strong> We discussed how to build a (potentially bn USD) climate-centered business to how to access climate finance and what is needed at the policy and regulatory levels to move the green economy forward <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/acf9e732-3e75-41ef-a9a1-f85c4f27fea0\">during our inaugural Climate X Forum<\/a> yesterday.<\/li>\n<li><strong>MPs give their final approval to Competition Act amendments:<\/strong> The House of Representatives yesterday <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f38d1f46-cbe8-4ba4-90e0-39a5e75ee010\">voted to pass<\/a> amendments to the 2005 Competition Act following two days of debate.<\/li>\n<li><strong>BII\u2019s Sherine Shodhy on investing in the green transition + the VC ecosystem for sustainable development:<\/strong> After reading our five-step recipe for turning Egypt into a global export hub and FDI magnet, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/72d42f74-2905-45e9-b9fd-581dfc43b878\">BII\u2019s Sherine Shohdy tells us<\/a> why the green transition should be a focal point for investments to underpin our economic growth.<\/li>\n<\/ul>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Key news triggers to keep an eye on this week and beyond:<\/strong><\/p>\n<ul>\n<li><strong>Inflation:<\/strong> Inflation data for November will land tomorrow.<\/li>\n<li><strong>Interest rates:<\/strong> The Central Bank of Egypt\u2019s Monetary Policy Committee meets on Thursday, 22 December to review interest rates.<\/li>\n<\/ul>\n<p><strong>President Abdel Fattah El Sisi is in Riyadh later this week to attend the China-Arab summit<\/strong> that will coincide with Chinese President Xi Jinping\u2019s visit to the kingdom. Some 12-14 Arab leaders are expected to attend the summit on Friday.<\/p>\n<p><strong>The cabinet\u2019s Information and Decision Support Center (IDSC) will kick off the first <\/strong><strong>session of its new intellectual forum tomorrow<\/strong>, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02tGCH35w2D7RNNtWMJP7LD8nThnMWSu7m3uK2DDby5gcAmJ9x7iDsPK7qcBga3MR3l\">statement<\/a>. The weekly forum will see experts including government officials, academics, representatives of multilateral institutions, MPs, and national dialogue members meet to discuss key policy questions and make recommendations on them to the prime minister.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- <\/strong>The mercury will rise to 24\u00b0C during the day tomorrow before falling to 14\u00b0C at night, our favorite weather app tells us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and happy almost-THURSDAY to us all. It\u2019s a busy news day here at home \u2014 a theme we expect to carry through until the typical end-of-December lull. THE BIG STORY TODAY More green hydrogen momentum: Egypt signed MoUs with seven companies and consortiums to begin conducting feasibility studies on new projects to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":580094,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[93,633,2303,254,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-580093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-energy","tag-enterprisepm","tag-fortescue-future-industries","tag-green-hydrogen","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"9a83e243-678a-4aad-89dc-95e52c34de23","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2022\/12\/652.jpg","photo_position":"above","related_issue":[580091],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: Seven companies and consortiums to begin feasibility studies on green hydrogen plants + China is scrapping covid-zero policies - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/12\/07\/this-evening-seven-companies-and-consortiums-to-begin-feasibility-studies-on-green-hydrogen-plants-china-is-scrapping-covid-zero-policies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Seven companies and consortiums to begin feasibility studies on green hydrogen plants + China is scrapping covid-zero policies\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and happy almost-THURSDAY to us all. It\u2019s a busy news day here at home \u2014 a theme we expect to carry through until the typical end-of-December lull. 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It\u2019s a busy news day here at home \u2014 a theme we expect to carry through until the typical end-of-December lull. 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The statement does not provide further details on the potential investment size, production capacity, or timeline for any of\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/154.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596076,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/10\/ocior-energy-to-build-usd-4-bn-green-hydrogen-plant-in-sczone\/","url_meta":{"origin":580093,"position":1},"title":"Ocior Energy to build USD 4 bn green hydrogen plant in SCZone","author":"enterpriseam admin","date":"10 August 2023","format":false,"excerpt":"The plant will take 5-6 years to build, with expected revenues of USD 1 bn annually","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/475.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577272,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/16\/egypt-signs-framework-agreements-for-green-hydrogen-ammonia-plants-worth-usd-83-bn\/","url_meta":{"origin":580093,"position":2},"title":"Egypt signs framework agreements for green hydrogen + ammonia plants worth USD 83 bn","author":"enterpriseam admin","date":"16 November 2022","format":false,"excerpt":"Another step forward to becoming a green energy hub: Egypt has signed framework agreements with international power companies to construct nine green hydrogen and ammonia facilities in the Suez Canal Economic Zone,\u00a0 a series of government statements (here, here and here) yesterday. The facilities would collectively produce up to 7.6\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/252.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596043,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/09\/this-evening-indias-ocior-energy-moves-forward-with-green-hydrogen-plans-in-egypt\/","url_meta":{"origin":580093,"position":3},"title":"THIS EVENING: India\u2019s Ocior Energy moves forward with green hydrogen plans in Egypt","author":"enterpriseam admin","date":"9 August 2023","format":false,"excerpt":"Good afternoon, ladies and gents, and happy almost-THURSDAY. THE BIG STORIES TODAY #1- Ocior Energy proceeds with green hydrogen plans: India\u2019s Ocior Energy has inked preliminary contracts with the government to set up a USD 4 bn green hydrogen plant in the Suez Canal Economic Zone (SCZone), Asharq Business reports,\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/5975.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546932,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/02\/sczone-signs-initial-agreement-with-h2-industries-for-waste-to-hydrogen-plant\/","url_meta":{"origin":580093,"position":4},"title":"SCZone signs initial agreement with H2 Industries for waste-to-hydrogen plant","author":"enterpriseam admin","date":"2 June 2022","format":false,"excerpt":"A step closer to our first waste-to-hydrogen plant? The Suez Canal Economic Zone (SCZone) has signed an MoU with H2 Industries to establish Egypt\u2019s first waste-to-hydrogen plant in East Port Said, according to a statement. The plant will cost USD 4 bn to establish, the statement said, without disclosing how\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/109.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549284,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/11\/karmell-take-two-everything-is-set-for-the-national-dialogue-to-begin\/","url_meta":{"origin":580093,"position":5},"title":"Karmell, take two + everything is set for the National Dialogue to begin","author":"enterpriseam admin","date":"11 September 2022","format":false,"excerpt":"SODIC has relaunched its Sheikh Zayed residential project Karmell, which was puton hold last year after the Housing Ministry decided to rezone the New Zayed area, the developer said in a disclosure to the bourse(pdf) on Thursday. Things are finally in place for the National Dialogue to begin after the\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=580093"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/580093\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/580091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/580094"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=580093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=580093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=580093"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=580093"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=580093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}