Egypt and Italy are joining forces to build six field silos under the Italian-Egyptian Debt for Development Swap Program.
Each silo — four of which will be in El-Sharqia, one in El-Minya, and one in El-Menoufia — will have the capacity for 5,000 tons of storage.
The project is supported with with up to 367 million egyptian pounds ($19.59 million) in investment,
It is looking to enhance wheat storage, and reduce waste. In addition to this, it is expected to generate $52 million worth of wheat investments, reported Arab Finance.
Japan’s Mitsubishi to supply ARNPC with hydrogen-fueled technology
Egypt’s Alexandria National Refining & Petrochemicals Company has signed a contract with Mitsubishi Power to enhance hydrogen-fueled technology.
This agreement entails Mitsubishi Power to engineer and design the ANRPC refinery plant as they see fit.
According to the plan, the plant should function on 100 percent hydrogen by the end of 2023.
Additionally, it will reduce carbon footprint by 22,000 tons annually in compliance with Egypt’s sustainability goals, reported MEED.
