Environment Minister Yasmine Fouad inaugurated on Thursday Lafarge Group subsidiary Geocycle’s EGP 200 mn alternative fuel factory in Suez, Al Masry Al Youm reports. The facility is estimated to be the largest of its kind in the MENA region and is able to produce 400k tonnes of alternative fuel a year. The output will be directed to LaFarge’s cement factory in Ain Sokhna. LaFarge has already developed a EUR 8 mn alternative fuel feeding system in its Ain Sokhna plant, Egypt CEO Hussein Mansy separately said, according to Al Mal.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…