The Egyptian Bioethanol Company (EBIOL), a unit of the Egyptian Petrochemicals Holding Company (ECHEM), signed a long-term joint financing agreement worth $135 million with a banking consortium for a project in Damietta.

Borna Membrane Solutions, a Canadian clean-tech company in membrane gas separation, is planning to establish a factory in Egypt, with total investments of $40 million.

The General Authority for Investment and Free Zones (GAFI) held the first meeting of the "Carbon Emissions Reduction" working group at its headquarters, chaired by Deputy CEO Dalia El-Hawary.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi has signed a memorandum of understanding (MoU) with Greece’s Minister of Environment and Energy Theodoros Skylakakis to collaborate on carbon capture, storage, and utilization.

Karim Badawi, Minister of Petroleum and Mineral Resources, and Yasmine Fouad, Minister of Environment, discussed the development of a roadmap to establish carbon reduction projects within oil companies.

The Egyptian Financial Regulatory Authority (FRA) has facilitated the sale of 350 carbon emission reduction certificates from the Minya complex project, a carbon reduction initiative under the Egyptian Biodynamic Association (EBDA).

TAQA Arabia is working on reducing carbon emissions within the next three years via converting gasoline-powered cars into gas-run ones, targeting to convert 20,000 cars.

Prime Minister Mostafa Madbouly has held a meeting with several officials to discuss the carbon border adjustment mechanism (CBAM) as a step toward improving the competitiveness of Egyptian exports.

The US-based conglomerate corporation Honeywell is currently conducting a feasibility study to execute a sustainable aviation fuel (SAF) production project in Egypt, in partnership with the European Bank for Reconstruction and Development (EBRD).

The Financial Regulatory Authority (FRA) has issued a resolution to regulate the standards for accrediting the authority’s voluntary carbon records, as per a statement on March 10th.

The Egyptian Natural Gas Company (GASCO) has signed two cooperation agreements with RINA, CHIYODA Corporation, and Axens in the field of carbon emissions reduction.

The Financial Regulatory Authority (FRA) has approved adding three entities to the list of its authenticated carbon emissions control projects’ verification and validation bodies for the first time in the Egyptian market.

The Egyptian Prime Minister Mostafa Madbouly has met with officials from the French Schneider Electric to review the initiative proposed by the company to build 1,000 smart homes in Egypt.

Six of October Development and Investment (SODIC) has partnered with the waste oil management startup Delta Oil to build an ecosystem that supports the biodiesel industr.

Egypt will seal project agreements to reduce carbon emissions in the industrial sector with investments of up to $270 million, Minister of Environment Yasmine Fouad said.