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Maritime Propulsion

September 19, 2022

Egypt to Cooperate with Maersk on Clean Bunker Fuels

© Val Traveller / Adobe Stock

Egypt's President Abdel Fattah al-Sisi has directed the government to cooperate with AP Moeller-Maersk to establish a network to produce and distribute green energy and clean fuels for ships, a presidency spokesperson said on Monday.

Maersk Chief Executive Soren Skou discussed with Sisi during their meeting a project to produce clean fuel for ships with investments of $15 billion, the statement added.

There were no immediate details on the mechanism of the cooperation.

(Reuters - Reporting by Moataz Mohamed; Editing by Jan Harvey)