📋 Tender Overview
Location:
Egypt
Project number:
55178
Business sector:
Manufacturing and Services
Notice type:
Private
Environmental category:
B
Approval date:
30 Jul 2024
Status:
Signed
English-language PSD published:
03 Mar 2025
As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.
Project Description
Provision of a 5-year EUR 25 million senior secured loan to Arabian Cement Company (ACC) to finance its energy and plant efficiency capex program (the "Project"). The loan includes a committed tranche ("Tranche I") of up to EUR 15.9m and an uncommitted tranche in the amount of EUR 9.1m ("Tranche II"), to be committed at the Bank's sole and absolute discretion.
Project Objectives
The Company will utilise the loan for the acquisition and installation of energy efficiency and plant efficiency capex, including a low carbon hydrogen injection system and alternative fuel capacity expansion capex.
Transition Impact
ETI score: 80
Primary Quality - Green Direct Track:
The EBRD financing will support ACC's green investment program including the installation of a low-carbon hydrogen thermal optimisation solution, as well as capex to increase the alternative fuel (AF) utilisation capacity of ACC's production line.
The project also introduces a hydrogen injection system, which is a novel technology, that provides for substantial CO2 emissions reduction by acting as catalyst and improving combustion efficiency in the kiln, thereby reducing consumption of fossil fuels. This solution is innovative, has high replicability potential, and will be the first to be installed in any of the EBRD COOs.
The project is expected to reduce c.130,000 tons of CO2 per annum, all scope 1 emissions.
