The European Bank for Reconstruction and Development (EBRD) has teamed up with A³&Co.®, to lead an initiative at Arabian Cement Company in Egypt.
This collaboration is designed to reduce carbon emissions and costs through innovative, environmentally responsible approaches, supporting Arabian Cement Company’s transition to NetZero.
Through this strategic partnership, EBRD is providing green investment by working closely with A³&Co.® to develop a comprehensive decarbonisation roadmap tailored specifically for 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 by reducing the carbon footprint within the Arabian Cement Company operations.
Arabian Cement Company has two production lines in Sokhna, Suez Governorate, with an annual production of around five million tons of high-quality clinker and cement, contributing 6% of Egypt’s nominal capacity.
“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 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 comprehensive strategy includes verified targets, project advisory for implementing decarbonisation implementations, in-house capacity building, carbon market trading, and the implementation of an integrated ESG business model.
“We are delighted to partner with EBRD and Arabian Cement Company on this transformative project,” commented Amr Nader, CEO of A³&Co.®
“Through our collective expertise, we are confident that we can drive meaningful progress towards decarbonization and the production of green cement, setting a precedent for responsible business practices in the region. The cooperation between Arabian cement and A³&Co.® is an additional milestone for our successful collaboration over the past two years and will not only be limited to Decarbonization roadmap but extends to SBTi certification and CBAM registration which will support Arabian cement exports endeavors and global product recognition, A³&Co.® will also develop Climate Corporate Governance “CCG” framework for Arabian Cement which is the cornerstone for a fully functioning ESG system inline with international norms.”
Commenting on the collaboration, Dimitrios Koufos, Head of Sustainable Business, Industry, Agribusiness, and Commerce, EBRD, said: “At EBRD, we are dedicated to supporting initiatives that drive sustainable economic growth. Our partnership with A³&Co.® and Arabian Cement Company exemplifies our commitment to fostering innovation and catalyzing positive change in the industry. Together, we will pave the way for a more sustainable future in Egypt’s cement sector.”