Scatec inks deal to construct a $450 million green methanol plant in Egypt

In Egypt, Egypt Today reported that the Alexandria National Refining and Petrochemical Company (ANRPC) has signed an agreement with Norwegian renewable energy company Scatec, to build a new $450 million green methanol production project.

The new methanol plant will be located in the port of Damietta. The green methanol plant aims to have an annual production capacity of 40,000 tons of green methanol with the aim to be increased to 200,000 tons annually.

The agreement includes the construction of renewable energy stations with 40 megawatts solar energy capacity and 120 megawatts for wind energy capacity as well as a green hydrogen analyzer with a capacity of 60 megawatts.

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