Arabian Cement pens €25M financing agreement with EBRD
Updated 2/12/2025 9:52:00 AM
Arab Finance: Arabian Cement Company has signed a €25 million loan agreement with the European Bank for Reconstruction and Development (EBRD), according to a statement released on February 12th.
The loan will be used to back the company’s decarbonization efforts, marking its long-term sustainable strategy to reduce carbon emissions and promote environmentally responsible industrial practices.
It will finance the extension of ACC's alternative fuel injection capacity, in addition to automation and industrial facilities to boost efficiency and product mix.
The company will also acquire and install a hydrogen injection system, the first of its kind in the Egyptian cement sector.
This advanced technology will enhance combustion efficiency, reduce reliance on fossil fuels, and cut CO2 emissions by nearly 130,000 tons annually.
Sergio Alcantarilla, CEO of Arabian Cement, said: "This agreement with EBRD is a key milestone in ACC's sustainability journey, supporting our transition to cleaner technologies. The integration of the hydrogen injection at our Ain Sokhna plant will enhance operational efficiency and significantly reduce our carbon footprint.”
“By adopting innovative solutions, we are reinforcing our commitment to responsible cement production and strengthening our position as a leader in Egypt's green industrial transformation,” Alcantarilla indicated.
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