H2-Industries secures feedstock for USD-4bn waste-to-H2 project in Egypt

H2-Industries Inc, the developer of a USD-4-billion (EUR 4.05bn) waste-to-hydrogen plant in the East Port Said integrated zone in Egypt, said today it has agreed with local firm Green Planet for Sustainable Environmental Solutions SAE the supply of the necessary feedstock for the project.

The two parties have entered into a memorandum of understanding (MOU) at COP27, currently taking place in Sharm El Sheikh, Egypt. The announcement says that waste management systems specialist Green Plant has undertaken to provide up to 4 million tonnes of waste per year. For this purpose, it will be developing a full supply chain in addition to managing a pre-treatment facility.

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“This is just the first of several international projects where governments and responsible authorities around the globe realize that organic waste and especially plastic waste if treated correctly, can be a valuable asset and used to generate significant amounts of clean hydrogen,” commented Michael Stusch, executive chairman and CEO of H2-Industries Inc, which is based in New York City.

As unveiled earlier this year, H2-Industries signed a MOU with the General Authority for Suez Canal Economic Zone (SCZONE) to build a 1-GW Liquid Organic Hydrogen Carrier (LOHC) plant capable of producing 300,000 tonnes of green hydrogen per year using organic waste and non-recyclable plastic.

(USD 1 = EUR 1.013)