Replies to post #55796 on Plug Power Inc (PLUG)

[B_B!]

SK Ecoplant, CSCEC cooperate to build $2B green hydrogen project in Egypt
Sun, 03 Mar 2024

CAIRO – 3 March 2024: South Korean construction and plant operation company (SK Ecoplant) and China’s state-run construction giant China State Construction Engineering Corporation (CSCEC) will cooperate to establish a plant for producing green hydrogen and green ammonia in the Suez Canal Economic Zone (SCZone).

The project will involve investments worth $2 billion, according to a statement from SK Ecoplant.The companies aim to have the project fully operational by 2029.
As part of the plan, they intend to utilize 778 MWs of renewable energy, consisting of 500 MW of solar energy and 278 MW of onshore wind energy.
This renewable energy will have an annual production of 50k tons of green hydrogen and 250k tons of green ammonia.
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https://www.egypttoday.com/Article/3/130746/SK-Ecoplant-CSCEC-cooperate-to-build-2B-green-hydrogen-project