Primary Industry
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IndustryAdvisory & Consulting
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Size51-200 employees
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Company TypeNet Zero & Decarbonisation Strategy
Antipollution Egypt: An innovative endeavor
Suez Canal Authority (SCA) and V Group of Companies agreed to join forces and create Antipollution Egypt, an innovative company that will add value to the already established equity of Suez Canal. The corporate scheme includes shareholder Mr. Eric Adam, a Greek-Egyptian entrepreneur.
The 193.3-kilometer-long canal under the distinguished leadership of the Suez Canal Authority (SCA), has aligned its efforts with one of the most proficient companies in the field of Port Reception Facilities (PRF) worldwide, the Greek Antipollution S.A., member of V Group of Companies, with over 70 years of expertise in PRF services.
Based on the investment that is projected to reach a value of up to 150 million USD, the newly established company will deliver an efficient and pioneering Port Reception Facilities (PRF) service for collection of solid and liquid waste from vessels passing through the Suez Canal, via the usage of custom – made eco vessels, built in Egyptian Shipyards.
In addition, the company will empower circular economy and will focus on “waste valorization” while creating and providing the opportunity to enjoy social, economic, and environmental benefits on a local and national level, establishing a strong corporate impact.
Moreover, the main objective of the project is to implement a ZERO WASTE strategy from the first day of operations and maintain a ZERO-CARBON footprint throughout the company’s operations.
