The General Authority for Suez Canal Economic Zone has given preliminary approval to the US energy company H2 Industries to develop a 1GW LOHC Hydrogen Hub at the East Port-Said in Egypt
The hydrogen plant will be feeding on four million tons of organic waste and non-recyclable plastic per year, secured at the canal’s Mediterranean entrance. As a result, the Suez Canal Project will produce 300,000 tons of green hydrogen per year at half the Levelised cost of current green hydrogen production technologies, lowering the price even further than current low-carbon and grey hydrogen production levels.
“This is an exciting opportunity,” said Michael Stusch, executive chairman of H2-Industries, “We will take the tons of waste in Egypt and turn it into green hydrogen.” The Waste-to-Hydrogen plant represents a breakthrough in making green hydrogen economically viable as it assists in reducing global CO2 emissions and reducing pollution and impairment of the country’s water resources.”
H2 Industries is poised to embark on several projects to convert organic waste into usable hydrogens such as plastic agricultural waste and sewage sludge. H2 Industries is also commercialising other green hydrogen products to meet the commercial needs of end-users. With applications ranging from the conversion of coal-fired power plants to hydrogen power plants to the CO2-free transformation of steel, cement, and glass production using H2 Industries’ technology and green hydrogen.
