Arabian Cement Company Partners with EBRD for Sustainable Transformation
Key Ideas
- Arabian Cement Company secures €25m loan from EBRD for decarbonisation efforts.
- Funds to be used for expanding alternative fuel capacity, automation, and hydrogen injection system.
- Hydrogen injection at Ain Sokhna plant to reduce CO₂ emissions by 130,000t/yr.
- CEO Sergio Alcantarilla highlights the importance of the partnership in the company's sustainability journey.
Arabian Cement Company in Egypt has signed a €25m loan agreement with the European Bank for Reconstruction and Development (EBRD) to support its decarbonisation initiatives. The loan will assist in expanding the company's alternative fuel capacity, automating its facilities, and installing a hydrogen injection system at its Ain Sokhna cement plant. This system is projected to reduce CO₂ emissions by 130,000t annually. Sergio Alcantarilla, the CEO of Arabian Cement, expressed the significance of this partnership in advancing the company's sustainability goals by adopting cleaner technologies. The integration of the hydrogen injection system is expected to not only enhance operational efficiency but also contribute significantly to reducing the company's carbon footprint.