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ENERGY-
Honeywell’s proposed sustainable aviation fuel project is in the works: US multinational conglomerate Honeywell in partnership with the European Bank for Reconstruction and Development will complete a feasibility study within the next few months for a proposed sustainable aviation fuel production facility in Egypt, a delegation from the firm said during a meeting with the Oil Ministry. The two sides also discussed the possibility of working together on several green energy-related projects, the ministry said.
ICYMI: Honeywell has been considering building a sustainable aviation fuel production facility in Alexandria under a public-private partnership with state-run Egyptian Petrochemicals Holding Company and local private companies, the Oil Ministry said last October.
DEVELOPMENT FINANCE-
EU and French Development Agency back water treatment plant with additional EUR 61.5 mn: The European Union and the French Development Agency will provide a total of EUR 61.5 mn in financing for the third phase of the Gabal El Asfar water treatment plant, the International Cooperation Ministry said in a statement. The project will be one of the largest water treatment plants in Egypt and will serve 17.5 mn people by 2040 through wastewater collection and treatment services. The third phase is scheduled to contribute to increasing the plant’s capacity by 1 mn cbm, the statement read.
PHARMA-
EDA to roll out system to clamp down on counterfeit meds: The Egyptian Drug Authority (EDA) plans to launch a tracking system before the end of the year to eradicate the sale of counterfeit and imitation meds and crack down on illegal sales, Al Mal reports, citing a source it says has knowledge of the matter. The move, which comes in response to a rise in sales via digital platforms, was discussed during a meeting between the EDA and industry associations.
Committee to regulate the market: EDA head Ali El Ghamrawy also called for the formation of acommittee to set a mechanism for collecting expired meds that manufacturers have been refusing to take back.
