In a step towards combatting climate change and advancing a green economy, the European Bank for Reconstruction and Development (EBRD) has teamed up with A3&Co.®, to lead an initiative at the Arabian Cement Company in Egypt.
This collaboration is designed not only to reduce carbon emissions but also to reduce costs through innovative, environmentally responsible approaches, supporting the Arabian Cement Company in its transition to net zero.
Through this strategic partnership, EBRD is providing green investment, working closely with A3&Co.® to develop a comprehensive decarbonisation roadmap. This is tailored specifically for the Arabian Cement Company to accelerate the production of low carbon cement, leveraging A3&Co.®'s expertise in cement green solutions and EBRD’s commitment to green initiatives. This partnership aims to align efforts to pioneer change in the cement industry towards a green cement future through reducing the carbon footprint within the Arabian Cement Company's operations.
The Arabian Cement Company has been a leading player in Egypt's cement industry since 1997, with two production lines in Sokhna, Suez Governorate, with an annual production around five million t of high-quality clinker and cement, contributing to 6% of Egypt's nominal capacity. Arabian Cement has gained a strong reputation both locally and internationally, exporting products to numerous countries across four continents. The company is dedicated to minimising its carbon footprint, embracing this initiative as a pathway to a greener, more financially sustainable future.
“We are excited about this partnership with EBRD and A3&Co.® which showcases our commitment to environmental stewardship and sustainable development”, said Sergio Alcantarilla, CEO of the Arabian Cement Company. “By embracing cutting-edge solutions and adopting greener processes, we are not only reducing our carbon footprint but also setting new benchmarks for the industry.”
The decarbonisation roadmap will be carefully tailored to address the specific challenges and opportunities within the Arabian Cement Company's operations. Through a comprehensive strategy, which includes verified targets, project advisory for implementing decarbonisation, in-house capacity building, carbon market trading, and the implementation of an integrated ESG business model, together, these initiatives aim to significantly reduce greenhouse gas emissions, improving operational efficiency, while reducing costs.