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Monday, 19 June 2017

OTMT-Lafarge Holcim planning to increase investments in refuse-derived fuel

A consortium formed by OTMT and Lafarge Holcim is planning to increase its investments in refuse-derived fuel (RDF) projects to EGP 600 mn by the end of 2018, Al Borsa reports. The consortium is also looking to expand its RDF production over the next three years and is currently in talks to establish eight factories across different governorates, sources tell the newspaper. The companies have also completed feasibility studies on using alternative fuel sources for energy generation, and will establish two factories near Ain Sokhna before the year’s end, according to the CEO of Lafarge subsidiary Geocycle, Amr El Kady. The consortium had announced late last year it was resuming feasibility studies on a EGP 300 mn project to use RDF to generate energy.

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