The European Bank for Reconstruction and Development (EBRD) is providing up to EUR25m in financing to Arabian Cement Co, Egypt, according to the bank.
The sum aims to support energy efficiency in the country's cement industry and is backed by an EU guarantee through the EU European Fund for Sustainable Development Plus. It will support Arabian Cement Co's decarbonisation drive to reduce CO2 emissions by 130,000tpa.
To achieve this target, the company will expand its alternative fuel use and automation as well as carry out other improvements to its plant.
The funding will support the installation of Egypt's first hydrogen injection system for cement production which improves combustion efficiency and reduces fossil fuel consumption. Arabian Cement CEO, Sergio Alcantarilla, said: “The integration of hydrogen injection technology at our Ain Sokhna plant will enhance operational efficiency and significantly reduce our carbon footprint.”
Mr Alcantarilla recently spoke with ICR about the company's decarbonisation roadmap in an interview during the run-up to Cemtech MEA 2025.
