The Minister said that the Ministry gives top priority to
this mechanism, which the European Union will apply to its imports. He added
that it will have a direct impact on the competitiveness of Egyptian exports,
especially in emission-intensive industries such as aluminum, fertilizers, and
cement. He explained that a comprehensive implementation plan has been
developed in cooperation with the relevant authorities to ensure that
affiliated companies are ready to meet European requirements. He noted that the
plan includes awareness programs to familiarize employees with technical and
regulatory standards and their expected impact on industrial and export
performance.
Shimi highlighted the importance of regularly measuring
carbon emissions and improving both environmental and production efficiency. He
pointed to the formation of specialized working groups within companies to
prepare carbon footprint reports in line with international standards. He said
that workshops are being organized on carbon markets and green financing
mechanisms in support of the state’s shift toward a green economy and
sustainable development.
KIMA Fertilizers Company in Aswan continues to implement
advanced projects to reduce emissions and improve energy efficiency. These
include the KIMA 3 project for the production of nitric acid and ammonium nitrate.
The company is also studying the establishment of a solar power plant to meet
part of its electricity needs from clean energy. It is also developing a
project to use excess carbon dioxide by constructing a modern liquefaction unit
for industrial use. A comprehensive carbon footprint assessment is underway,
and old production lines are being linked to new ones to improve operational
efficiency and reduce energy consumption.
Egypt Aluminum Company continues to implement its plans to
reduce its carbon footprint and strengthen its export capacity. In March 2025,
the company signed a long-term power purchase agreement with Norwegian company
Scatec to build a solar power plant to supply clean energy to the Nagaa Hammadi
complex. The project is one of the largest renewable energy initiatives in
Egypt’s industrial sector. The company also obtained the ASI Performance
Standard V3 certification, confirming its commitment to the highest standards
of environmental, social, and governance performance.
Shimi said that these efforts are part of the Ministry’s
strategy aligned with the state’s vision for a green transformation. The
strategy aims to enhance the competitiveness of affiliated companies’ products
in European and global markets. It also seeks to expand the use of renewable
energy, reduce industrial emissions, and strengthen sustainability and
environmental governance standards.
The meeting was attended by Mohamed Hassouna, Advisor to the
Minister, Engineer Mohamed El Saadawy, Executive Managing Director of the
Metallurgical Industries Holding Company, Chemist Saad Helal, Managing Director
of the Chemical Industries Holding Company, Dr. Mahmoud Agour, Managing
Director of Egypt Aluminum Company, Engineer Sameh Talaat, Managing Director of
KIMA, and Engineer Magdy Tawfik, Chairman of Al Nahda Cement Company.