Egypt and Greece’s V Group will establish a waste management plant: Egypt’s Suez Canal Economic Zone (SCZone) and Greek waste management company Antipollution — a subsidiary of marine services company V Group — will form a joint stock company named Antipollution Egypt to establish of a waste treatment plant in Egypt’s SCZone, according to a statement.

The details: The waste treatment facility will process fluid and soluble waste collected from vessels transiting through the Suez Canal to be repurposed as part of Egypt’s efforts to boost its blue economy, the statement says.

And there’s plenty more renewables heading to the SCZone: The Sovereign Fund of Egypt (SFE) signed an MoU with Australia’s Fortescue to begin conducting feasibility studies on its planned USD 10 bn 9.2 GW green hydrogen project back in August, announcing in December that its plant could become operational as early as 2027, and noting that it is currently in talks with the country’s Suez Canal Authority for land allocation. In total, Egypt signed nine framework agreements during COP27 worth c. USD 83 bn with a number of companies to construct several green hydrogen and ammonia facilities in the Suez Canal Economic Zone.