Orascom Construction News Today

A site for the storage and export of green methanol for the maritime industry is to be built in Egypt under a new Memorandum of Understanding (MoU).

AD Ports Group partners Transmar, Orascom Construction for planned Egypt facility

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AD Ports Group, Transmar, and Orascom Construction have signed an MoU for a green methanol storage facility in Egypt, aiming to supply low-carbon fuel for maritime transport and establish clean alternative energy storage solutions globally.

Project will include storage and export centres for the synthetic fuel

ADX: ADPORTS, Transmar, and Orascom Construction have signed a MoU for the development of a green methanol storage and export facility.

AD Ports Group said the chemical compound is a promising alternative to fossil fuels in industries where decarbonisation is challenging.

Backlog excluding Besix has increased 33.1% year-on-year to $7.3bn

EGYPT: The first of the Velaro EGY high speed trainsets which Siemens Mobility is to supply to Egypt is undergoing dynamic testing at the Wegberg-Wildenrath circuit in Germany ahead of delivery later this year.

The two wind energy projects are set to have a combined capacity of 8 gigawatts with foreign direct investments estimated to reach $9 billion