9/22/2022

Sidpec has many success stories and achievements related to climate actions due to the efforts exerted in the past years regarding energy efficiency improvement and environment protection. Sidpec had a great success story that would be shared during COP 27, including some energy efficiency measures and the road map for energy efficiency improvement to reduce the Green House Gas (GHG) emissions which was demonstrated by being committed to Science-Based Targets initiative (SBTi) where Sidpec has submitted its carbon emission reduction targets for validation by SBTi. Sidpec has a large investment energy efficiency project in progress regarding a new Combined Heat and Power (CHP) unit to produce 7.5 MW electricity and replace one of the existing traditional steam boilers with the same amount of 50 T/h steam. This project is financed by the Egyptian Pollution Abatement Program (EPAP III) funded by European Union and some other European Financial Institutes. The new CHP unit will be in service by 2024 and it is considered one of the important actions in Sidpec decarbonization strategy. In terms of preserving the environment, Sidpec has been keen to reduce carbon dioxide emissions through chemical treatment of the feed gases, as well as maximizing the added value. In February 2017, a CO2 extraction unit was in service that was established in B.O.O. basis with Air liquide in Sidpec land where food grade CO2 is extracted from Natural Gas Sweetening Process to benefit more to obtain one of the important industrial gases which is CO2 while reducing GHG emissions. All these topics should be highlighted and discussed during COP 27 next November in Sharm El Sheikh. In the last few years, the voices became louder to fight plastic, especially the single-use plastic, while Sidpec believes that plastic became one of the main components in human life. Therefore, Sidpec are planning to produce some eco-friendly polymers like Poly-Lactic Acid (PLA) which is a bio-based polymer that could replace the traditional polymer in many applications including the single-use plastic. There is a huge need for supporting these types of eco-friendly polymers including all the required finance and legislations. This is another type of subjects that Sidpec try to put on the table during COP 27.