Displaying items by tag: International Finance Corporation
International Finance Corporation study supports uptake of alternative fuels in Egypt
01 November 2016Egypt: A report by the International Finance Corporation (IFC) has said that increased use of alternative fuels in the cement industry could save up to US$51m/yr by 2025. The study ‘Unlocking Value: Alternative Fuels for Egypt’s Cement Industry’ assessed the potential for producers to increase the use of alternative fuels and recommend sustainable market solutions. Those alternative fuels include municipal solid waste, agricultural waste, sewage, and old tyres. By 2025, the study suggests, alternative fuels could replace about 1.9Mt of coal and prevent the release of 3.9Mt of CO2.
“Egypt is executing a wide array of initiatives to provide new sources of energy,” said Ramon Piza, president of Cemex Egypt. “We believe that all sectors, public and private, should collaborate and join forces to facilitate the usage of alternative fuel to further support these initiatives and help reduce greenhouse gas emissions.”
The study found that the country produces enough alternative fuels to power the entire cement sector. It included a mapping tool that pinpoints the location of cement plants, sources of alternative fuels, and transport links. However, it found that several obstacles prevent cement producers from using alternative fuels, including the lack of a well-established supply chain that would collect, process, and deliver waste to cement plants. The report recommends that market players must come to clear and fair commercial and quality arrangements ensuring a secure supply and return on investment, a fair pricing mechanism, and regulatory improvements to increase waste collection and treatment efficiency.
The report was supported by the governments of Denmark and Italy, the Korea Green Growth Trust Fund, and the Earth Fund Platform. It is part of a larger effort by the IFC to combat climate change, improve waste management, and support the global cement industry. The IFC has invested $4bn in 180 projects in the cement sector during the last 55 years. IFC’s current cement portfolio includes 30 investments and 10 advisory projects.
Egyptian co-processing rate to reach 30% by 2025
14 October 2016Egypt: A study led by the Ministry of Industry says that the substation rate of alternative fuels used by cement plants is set to increase to 30% by 2025. At present the co-processing rate is 6.4%, according to the Daily News Egypt newspaper. The Minister of Industry and Foreign Trade Tarek Kabil added that he expects that the total coal consumption in cement plants will reach 9.7Mt/yr by 2025. Increased use of alternative fuels is also expected to save the industry US$50m/yr by 2025.
The study was carried out by the Ministry of Industry, International Finance Corporation, the Ministry of Environment and the Cement Division of the Building Materials Chamber at the Federation of Egyptian Industries. It used a sample of 14 cement plants in the country that represents three quarters of the operational plants in the market.