Egypt: Arabian Cement Company (ACC) has signed a €25m loan agreement with the European Bank for Reconstruction and Development (EBRD). The loan will be used to assist the company’s decarbonisation efforts. It will finance the company’s alternative fuel capacity expansion and automation of its facilities. The company will also acquire and install a hydrogen injection system at its Ain Sokhna cement plant. This will reduce CO₂ emissions by 130,000t/yr.
CEO of Arabian Cement, Sergio Alcantarilla, said "This agreement with EBRD is a key milestone in ACC's sustainability journey, supporting our transition to cleaner technologies. The integration of the hydrogen injection at our Ain Sokhna plant will enhance operational efficiency and significantly reduce our carbon footprint."
