Back to the complete issue
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.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.