Egypt: Al-Mal Titan Egypt Cement aims to reach production of 0.4Mt/yr of alternative fuel by the end of 2027, backed by €7-8m in investment financed by its global parent company.
Essam Abdelnabi, managing director of Titan Egypt subsidiary Gaia Alternative Energy, said alternative fuels currently account for about 40% of total energy demand. He added that the company’s Beni Suef plant signed an agreement to generate 10,000MW of solar powered electricity, covering around 13% of its energy needs.
Abdelnabi said that Titan plans to supply alternative fuels to third parties in the future and is participating in a presidential initiative to recycle construction waste in cooperation with Beni Suef University. He added that the company has made ‘significant’ progress in reducing its CO₂ emissions through improved energy efficiency and increasing reliance on alternative fuels. Amr Reda, CEO of Titan Egypt, said that the company plans to invest US$64m by the end of 2029 through a mix of internal and bank financing.
