Early Warning System

Regions

Middle East and North Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Egypt

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Egyptian Petrochemicals Holding Company (ECHEM)

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Technical Cooperation

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 26, 2024

Disclosed by Bank Oct 9, 2023

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Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the aviation sector is a high greenhouse gas (GHG) emitter and will require significant effort to align with the goals of the Paris Agreement. Efficiency, fuel switching, new technologies and carbon removals are the key levers for GHG reductions. Global low-carbon pathways for aviation sector suggest that to 2050 over half of cumulative emissions reductions will come from Sustainable Aviation Fuels (SAF), with a significant contribution on an annual basis from 2030 onwards. In the EU, SAFs are a key lever for aviation decarbonisation, and substantial fuel blending requirements are anticipated to be introduced as part of the proposed Fit for 55 package of measures.

At the international level, the International Civil Aviation Organisation (ICAO) has recently (October 2022) adopted a long-term aspirational goal (LTAG) of net-zero emissions by 2050. Whilst the net-zero emissions aspirational goal indicates differentiated responsibilities of member states, the trajectory is clear for all parties and aligning with the goal will require significant scale-up in SAFs.

The Egyptian Petrochemicals Holding Company (ECHEM) on behalf of the project company, aims to establish a plant to produce SAF in Egypt. The project objective is to produce 120 ktpa of SAF by utilizing the locally available used cooking oil (UCO) as the main feedstock.

The main objective of this assignment is to analyse the feasibility of the production of SAF in Egypt and prepare the initial stages of the project.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Investment type not available at the time of the snapshot.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by Bloomberg, Egyptian Petrochemicals Holding Company (ECHEM) operates as a holding company. The Company, through its subsidiaries, engages in the production, trading, selling, importing, and exporting of petrochemical products and materials. ECHEM serves clients in Egypt.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Egyptian Petrochemicals Holding Company (ECHEM)	Client	Energy

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

EBRD project enquiries not related to procurement:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html