Tokyo: Suez Canal Economic Zone (SCZone) has signed two cooperation agreements in green energy with Japanese partners during the 12th session of the Egypt-Japan Business Council and the Egypt-Japan Investment Forum, held in Tokyo. The first agreement involves Japan's ITOCHU Corporation and Orascom Construction to design, develop, and operate facilities for supplying ships with ammonia as a marine fuel at the SCZone ports of Sokhna and East Port Said.

According to State Information Service Egypt, this agreement aims to reduce emissions and support the zone's transition toward sustainable energy in maritime transport. The second agreement involves collaboration with the Tokyo Metropolitan Government (TMG) in the field of green hydrogen for ship bunkering, focusing on knowledge-sharing, boosting demand, and promoting future clean energy applications.

The forum saw the signing of 12 agreements and letters of intent between Egypt and Japan, aiming to enhance investment returns, deepen local production, support supply chains, and develop exports and trade to neighboring markets. SCZone Chairman Walid Gamal El-Din also met with representatives of Japan's Sumitomo Corporation to discuss establishing a new industrial zone within SCZone to attract Asian investments.

SCZone, established in 2015, serves as a platform for investment, manufacturing, and logistics, connecting the Red Sea and the Mediterranean. It consists of four industrial areas for 21 industrial sectors and offers financial, customs, and tax incentives, along with infrastructure services. Both parties discussed cooperation in supplying ships with various fuel types and green hydrogen production for export, ship fueling, and use in green industries.

The meeting highlighted Sumitomo Corporation's investments in several infrastructure projects within SCZone, including water desalination plants and a hydrogen service corridor.