A $1.1 billion memorandum of understanding (MoU) has been signed by the Suez Canal economic zone and Norway’s Scatec ASA. This strategic partnership was established outside of the COP28 conference in Dubai to give ships eco-friendly fuel options using the Suez Canal.
This specific agreement aims to provide ships at East Port Said with environmentally friendly fuel. Scatec will be permitted to use green fuel for ship bunkering in the East Port Said area.
With an estimated $1.1...