Egypt signs agreement with Norway to export renewable energy to Europe egyptindependent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from egyptindependent.com Daily Mail and Mail on Sunday newspapers.
President El-Sisi Meets the CEO of the Norwegian Company Scatec ASA sis.gov.eg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sis.gov.eg Daily Mail and Mail on Sunday newspapers.
Egypt and Norway signed on Sunday a joint development agreement to establish the first green methanol production project in the Middle East, with investments worth around $450 million. In a press statement received by Asharq Al-Awsat, the Egyptian Ministry of Petroleum announced that the project will produce 40,000 tons of green methanol annually, which could be increased to 200,000 tons annually, to encourage the shift towards green production.
Egypt yesterday signed a $450m deal with a Norwegian renewables company to build a green methanol plant to produce fuel for ships, Ahram Online reports.