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A new Egyptian waste management JV: UAE’s Zero Carbon Ventures and Egyptian environmental consultancy Green Planet have formed a waste-to-value JV introducing new tech to transform waste methane into valuable commodities, according to a press release. The JV — called the Zero Carbon Green Planet (ZCGP) — will use new patent-pending tech to process waste at Cairo’s 15 May landfill site and plans to be incorporated in the Abu Dhabi Global Markets.
How they’ll do it: ZCGP will use Zero Carbon Venture’s tech to process 400 tons of waste per day, turning it into profitable revenue streams such as graphene, hydrogen and fertilizers. The first phase of the project is expected to be operational by 2025, the statement notes, adding that it will eliminate thousands of tons of CO2 and methane emissions upon its completion in 2027.
We heard about this project before: The two companies inked an agreement last September for a pilot project focused on treating organic waste and transforming it into income-generating products.
Not Green Planet’s first UAE collab: Green Planet and the UAE’s Bee’ahGroup signed a 10-year contract in 2022 to upgrade Sharm El Sheikh’s waste management infrastructure. The partnership began with collecting and recycling cooking oil at first, and is expanding to recycle all solid waste in a bid to eliminate the use of landfills.
Zero Carbon is slowly getting off the ground: The company raised USD 5 mn in seed funding in September and signed a preliminary pact with Masdar City in October 2022 to collaborate on CO2-reducing tech in the UAE’s capital.
About the company: Founded in 2022, the company invests and applies innovative tech across four key areas: waste, water, energy, and materials. The firm targets carbon reducing projects including carbon capture, storage and utilization (CCSU), clean energy generation, and energy efficiency engineering among other areas. Zero Carbon has offices in Masdar City and Abu Dhabi Global Market and is backed by British climate tech-firm Levidian, UAE’s Khalifa University, and US’ international law firm King & Spalding.
