H2-Industries and Green Planet sign landmark Waste-to-Hydrogen feedstock deal during COP 27
Nov 11 2022
Green Planet for Sustainable Environmental Solutions., an Egyptian company (S.A.E.) that specializes in the Environmental aspects, with a special emphasis on waste management systems, signed a memorandum of understanding (MOU) with H2-Industries Inc. to provide the necessary feedstock comprising organic and non-recyclable plastic waste for the new Waste-to-Hydrogen plant at East Port Said/ Suez Canal Economic Zone, Egypt.
Signed by Mohamed Assad, Chairman of Green Plant for Sustainable Environmental Solutions, and Michael Stusch, Executive Chairman and CEO of H2-Industries Inc., the MOU is important as the new Waste-to-Hydrogen plant will need a constant supply of organic and non-recyclable plastic feedstock in order to produce the targeted 300,000 tons of clean hydrogen per year.
This MOU will enable the revolutionary new Waste-to-Hydrogen plant at East Port Said to operate producing clean hydrogen while significantly reduce plastic waste, a problem that is global in nature and a topic that is to be discussed at COP27. Between the 1970s and the 1990s, plastic waste generation has more than tripled, reflecting a similar rise in plastic production. Today, we produce about 400 million tonnes of plastic waste every year, and this is forecasted to reach 1,100 million tonnes by 2050. Of the seven billion tonnes of plastic waste generated globally so far, less than 10 percent has been recycled.
In many countries, the infrastructure does not exist or is not sufficiently robust to guarantee waste collection, and therefore supplying a constant supply of feedstock is a challenge. Green Plant has undertaken to provide the necessary feedstock - up to 4 million tons of waste annually and, as such, will be developing a full supply chain in addition to managing a pretreatment facility. Establishing a robust supply chain will enable the new Waste-to-Hydrogen plant to operate at capacity and, in doing so, will solve two common problems. These are the environmentally friendly disposal of waste, especially plastic waste, and the creation of generation capacity for clean energy in the form of CO2-emission-free hydrogen challenges that many countries face today.
Michael Stusch said, “This is just the first of several international projects where governments and responsible authorities around the globe realize that organic waste and especially plastic waste if treated correctly, can be a valuable asset and used to generate significant amounts of clean hydrogen”.
“The infrastructure that Green Planet will develop, and the feedstock it will provide as part of this landmark project, is truly a technology enabler accelerating energy transition in Egypt while providing an example to the rest of the world,” said Mohamed Assad.
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