14.02.2025 16:27

Arabian Cement pens €25M financing agreement with EBRD

As part of its strategic focus on sustainability, Raysut Cement Group (the largest cement producer in Oman) has entered into an agreement with equipment and service provider companies to produce waste derived fuel (RDF) and develop a sustainable business model that reduces waste and promotes alternative energy use in heavy industries.

The signing ceremony was held under the patronage of H.E. Sheikh Dr. Mansoor Talib Ali Al hinai, Chairman of the Authority for Public Services Regulation.

Dr. Hilal Saif Al Dhamri, Acting CEO of Raysut Cement Group, emphasized that this collaboration is a key milestone in advancing the circular economy and supporting Oman’s carbon neutrality goals. The initiative aligns with global efforts to reduce dependence on fossil fuels and enhance environmental sustainability in the cement industry.

This partnership represents a transformative step in waste management, reinforcing Oman’s commitment to sustainability and positioning the Sultanate of Oman as a leader in adopting innovative, eco-friendly solutions for a greener future.

Region: Egypt
Source: Arab Finance
Image source: Arab Finance
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