- The Suez Canal Project will produce 300,000 tons of green hydrogen per year at half the Levelized cost of current green hydrogen.
- The hydrogen plant will be feeding on 4 million tons of organic waste and non-recyclable plastic per year.
The General Authority for Suez Canal Economic Zone (SC°Zone) has given preliminary approval to 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 4 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 Levelized 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, after a multimillion-dollar investment. Hydrogen can be transported into a “carrier fluid” known in the industry as LOHC, which can be transported and used to fill storage tanks like diesel does without carbon emissions. In addition, the waste heat generated by the H2-Industries process generates electricity using steam turbines and generators.
H2 Industries is also commercializing 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.