07 December 2022 05:49 AM

Sisi orders cooperating with Maersk to produce green fuel

Monday، 19 September 2022 - 10:35 PM
President Abdel Fattah El Sisi

President Abdel Fattah El Sisi issued directives to swiftly crystalize cooperation with Danish shipping giant Maersk to establish a national integrated network in Egypt to produce and supply green and clean fuel to the ships.

 

The move comes in line with the State's efforts to diversify energy sources and shift to a clean energy and preserve environment, in light of having many important ports at the Red Sea and Mediterranean Sea along with the Suez Canal, which is a vital artery of global trade.

 

This came during president Sisi's meeting Monday with Maersk CEO Soren Skou in the presence of Suez Canal Authority (SCA) Chairman Osama Rabie and representative of the Danish group in Egypt Hany el Nadi.

 

The meeting tackled joint cooperation with Maersk to produce and supply green and clean energy to the ships, said Presidential Spokesman Bassam Radi.

 

The president issued directives to start cooperation with Maersk to establish a national integrated network in Egypt to produce and supply green and clean energy to the ships.

 

This comes in tandem with the State's efforts to shift toward green energy.

 

Skou, on his part, voiced appreciation for the extended cooperation process with Egypt through the SCA. He also pointed out to the ongoing development taking place in the Suez Canal, a matter which will qualify Egypt to become a hub for producing and supplying clean energy to ships.

 

He further reviewed a plan to set up a project to produce clean energy for ships, with a total investments worth dlrs 15 billion.

 

The project is also expected to generate more than 100,000 jobs in various specializations.

 

The meeting also took up ways of beefing up cooperation between the SCA and Maersk, especially in areas related to training, maritime transport, logistics and container handling terminals.

MENA


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