Chairman of the Suez Canal Economic Zone (SCZONE) Waleid Gamal El-Dein has signed a memorandum of understanding (MoU) with the Rotterdam Foundation.

The MoU aims for institutional cooperation in the areas of transition to the green economy and raising the efficiency of seaports through the exchange of technical expertise and the implementation of a number of joint training programs.

This comes on the sidelines of his participation in the World Hydrogen 2024 Summit & Exhibition held in Rotterdam, the Netherlands, from May 13 to 15. The summit is considered the most prominent event in the field of green energy on the European continent.

In its current session, the summit discusses ways to support the energy transition and maximize the role that governments play, along with the private sector and financing institutions, in achieving the goals of the global transition towards green energy.

On the sidelines of the summit activities, Gamal El-Dein held a meeting with Felipe Arbelaez, Senior Vice President Hydrogen & CCS, bp. During the meeting, the two sides discussed ways of cooperation in green hydrogen projects within the SCZONE.

In a related context, Gamal El-Dein made visited Dutch port of Rotterdam, where he discussed with port officials the ways of cooperation between the SCZONE ports and the Port of Rotterdam in the areas of green fuel trading.

Accordingly, the green fuel will be routed from the economic zone after its manufacture, heading to the port of Rotterdam in the Netherlands in preparation for its arrival to all European markets, within the framework of activating the Green Corridor from Singapore to the port of Rotterdam, passing through the SCZONE. The Green Corridor is being set to become a corridor for supplying ships with green fuel.