Minister of Petroleum and Mineral Resources Karim Badawi witnessed signing three agreements for developing plants of Abu Qir Fertilizers and Chemicals Industries Company (AFC), which enhances sustainability and reduces carbon emissions, aligning with the European standards of emissions, specifically with applying CBAM mechanism.

The first agreement was signed by Abed Ezz El Regal, Chairman & Managing Director of AFC; and Bjorn Q Aaserod, CEO of the American MPS. The agreement aims for supplying green hydrogen through water electrolysis units using renewable energy to replace natural gas partially in the production process.

MPS will leverage existing infrastructure and vacant space within the Abu Qir Fertilizers industrial area to execute the project. This initiative aims to significantly reduce natural gas consumption and carbon emissions, enabling Abu Qir Fertilizers to comply with EU emissions standards, including the CBAM.

The second agreement was signed with Ahmed El Sherbiny, Vice President of ABB Group for Power Industries, Automation and Digital Solutions, and the CEO of MPS.

Furthermore, the third agreement between AFC and ABB Group, signed by El Sherbiny and Ezz El Regal, for setting updated electronic control system at Ammonia plant for enhancing energy efficiency and reducing gas consumption by 2% – 4%, along with plans for system expansion.

Ezz El Regal stated that these projects will solidify the company’s leadership in the nitrogen fertilizer sector. By adopting green technologies, the company aims to enhance energy efficiency, reduce emissions, and increase the competitiveness of its products in the global market through low-carbon solutions.

Moreover, Ezz El Regal emphasized that these agreements underscore Abu Qir Fertilizers’ dedication to adopting the latest global technologies. By doing so, the company aims to contribute to the national economy, promote sustainable development, and enhance the competitiveness of Egyptian products in international markets.