The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are joining forces to support energy efficiency in Egypt’s manufacturing sector. The EBRD is providing a financing package of up to €25 million to Arabian Cement Company (ACC), a leading cement producer in Egypt. This is being supplemented by first loss risk cover provided through the EU’s European Fund for Sustainable Development Plus (EFSD+) to accelerate the green transition for industrial processes in the Egyptian market.
This financing package aims to help reduce carbon-intensive production processes and support ACC’s decarbonisation initiatives, promoting environmentally responsible industrial practices. The resulting reductions in CO2 emissions are expected to total 130,000 tonnes a year. Specifically, this funding will finance the expansion of ACC’s alternative fuel injection capacity, as well as supporting automation and the development of other industrial facilities, in order to improve the company’s efficiency and product mix. One such project will involve the acquisition and installation of a new energy-efficient hydrogen injection system – a first for Egypt’s cement sector. This innovative new system will allow substantial reductions in CO2 emissions by acting as a catalyst and improving combustion efficiency, as well as reducing the consumption of fossil fuels.
Egypt
Algeria
Israel
Jordan
Lebanon
Libya
Morocco
Palestine *
Syria *
Tunisia
