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Hydrogen News > AD Ports, Transmar, and Orascom Sign MoU for the Development of a Green Methanol Facility in Egypt

AD Ports, Transmar, and Orascom Sign MoU for the Development of a Green Methanol Facility in Egypt

     

Areas Impacted: Methanol, Sustainable Shipping, Energy Storage, Clean Energy, Emissions

May 28th, 2024

AD Ports Group, a facilitator of global trade, logistics and industry, Transmar, a leading container shipping line and terminal operator in the MENA region, and Orascom Construction, a leading global engineering and construction contractor with a strong track record in the construction and development of infrastructure industrial projects, have signed an MoU for the development of a green methanol storage and export facility. This facility will aim to supply low-carbon fuel for maritime transport, presenting an opportunity to establish clean alternative energy storage solutions globally. The addition of a facility in this area will provide bunkering solutions for those mainliners who have ordered green methanol powered vessels and is aligned with AD Ports Group’s overall decarbonisation strategy and expansion into clean energy liquid bulk storage.

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