Egypt’s Minister of Environment Yasmine Fouad witnessed the signing of three memoranda of understanding (MoUs) in the field of supporting green investments, as part of the activities of the Environmental and Climate Investment Forum, launched today in the New Administrative Capital.
The first MoU was signed between the Waste Management Regulatory Authority, the KIT Innovation Center, and the Green Building Materials Company for cooperation in the field of construction and demolition waste management.
The minister of said that the protocol aims to support joint cooperation between all parties in the field of recycling construction and demolition waste and mining waste, and to work on implementing research in the field of sustainable building materials.
The second MoU was between the Arab Organisation for Industrialisation (AOI) and a group of German companies (INTEC Rubber Powder Co. and RECOM Patent & LicenseCo.), to establish a tyre recycling company in Cairo.
RECOM is the licensor and patent holder of INTEC technology for producing rubber granule powder, while INTEC is the provider of the latest tire recycling technology.
Fouad said that, according to the signed memorandum of understanding, the tripartite alliance intends to cooperate to establish a joint company in Cairo, with RECOM owning 30 per cent of the shares of this new company, and the name of the new company will be (AOI – INTEC Egypt), provided that the two parties agree on the legal form and capital share.
The third MoU is a joint cooperation agreement between Green Planet for Sustainable Environmental Solutions and the Emirati company ZERO CARBON Limited, which specialises in the field of enabling engineering and operation of scalable technological systems to remove carbon, through investment, design and implementation.
Discussion about this post