The Suez Canal Economic Zone (SCZONE) will be providing new fueling services to ships crossing the global trade route through the Red and Mediterranean seas as of April, said chairman of the SCZONE Walid Gamaleddin Tuesday.
Green bunkering, however, should start in 2026, Gamaleddin expected.
He was speaking during a meeting of the Senate’s energy and environment committee to discuss activities implemented by the SCZONE with consortiums of international companies concerned with green fuel projects.
The meeting focused on the future vision about the green hydrogen industry at the SCZONE, Gamaleddin said, noting that 23 memorandums of understanding had been signed with giant international firms meant to turn the SCZONE into a hub for the production of green fuel.
The State is working on a strategy to settle the green hydrogen industry through manufacturing green fuel, securing complementary industries and implementing projects, he made it clear.
He touched upon incentives particularly set for green fuel industries with the aim to attract diversified investments in this field.
Gamal Eldin added that the SCZONE seeks to provide many incentives, including reducing port, anchorage and pilotage fees imposed on all container ships as per the total tonnage of the ship and the number of containers.
This came following the signing of a framework business agreement with Chairman and Managing Director of the Suez Canal Container Terminal (SCCT) Steven Yoogalingam.
The agreement aims at implementing a number of new incentives related to the activity of the SCCT inside East Port Said Harbor, Gamal Eldin said.
For his part, Yoogalingam said that the new incentive system supports cooperation between the Suez Canal Economic Zone and the SCCT in East Port Said Harbor
He added this agreement achieves the common interest of the two sides, taking into account the global economic changes.
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