Borna to Invest $40mn for Natural Gas Separation, Carbon Capture Facility in Egypt

Leading Canadian clean-tech company Borna Membrane Solutions (SCD) plans to invest $40 million to establish a facility to manufacture flare gas recovery systems, carbon separation technologies, and reinjection solutions for the Egyptian natural gas network.

This came during a meeting of the President of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba, with a delegation from Borna to discuss localizing the company’s technology in Egypt, in alignment with the government’s strategy to reduce carbon emissions.

The company’s CEO, Sam Salimi Beni, noted that carbon captured and stored will allow local companies to benefit from trading carbon credits in Egypt’s voluntary carbon market, launched by the government in 2024. Beyond the market gains, the project is expected to reduce carbon emissions and Egypt’s energy imports and create jobs.

The Canadian government and financial institutions support companies seeking to inject new investments into the Egyptian market, considering it a market with tremendous growth opportunities, Beni added.