Egypt Inks Multiple Deals to Boost Green Transformation in Suez Canal Economic ZoneSource: www.export-egypt.com 4/12/2023, Location: Africa |
|
|
|
|
|
The Ministry of Environment signed a cooperation agreement with the Suez Canal Economic Zone (SCZone) to finance environmental projects for companies in the zone, according to a statement released by the ministry.
Minister of Environment Yasmine Fouad said the agreements aim to help Egyptian companies become more efficient, reduce energy and resource consumption, and comply with national and international environmental standards. Under the agreement, the environment ministry will help develop a sustainability strategy for the SCZone, which includes training for zone staff and companies on implementing sustainable production goals and calculating the carbon footprint of products, Fouad said. The SCZone will coordinate between the ministry's Egyptian Environmental Affairs Agency (EEAA) and companies in the zone, explained the statement. Three more deals The EEAA also signed agreements with three companies - El Nasr for Fertilizers and Chemical Industries (SEMADCO), Flex P Films, and Huhtamaki Egypt - to support the green transformation of industrial facilities, according to the statement. SEMADCO is building a 13.57 million euro wastewater treatment plant in Suez, with 11.8 million euros coming from the Egyptian Pollution Abatement Programme (EPAP) at the EEAA. Meanwhile, Flex P Films is building a recycling facility for polyethylene terephthalate (PET) plastic at a cost of 16.05 million euros, with 7 million euros coming from the EPAP. Huhtamaki Egypt is developing an ethyl acetate solvent recovery unit at 3.59 million euros, with 2.84 million euros coming from the EPAP. The EEAA also signed an agreement with the Egyptian Ministry of Foreign Affairs, UN Development Programme and French Development Agency (AFD) for a 1.5 million euro project to help Egyptian banks finance climate change projects such as renewable energy. |
|
|
Financials and Investment News in Egypt >> |
 |
|||||
|
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
|
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
| Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | |
