en.Wedoany.com Reported - Egypt's Misr Cement Qena announced on June 25, 2026, plans to significantly increase its reliance on alternative fuels at its two cement plants in Qena and Minya. The first phase of the project targets an investment of 350 million to 400 million Egyptian pounds (approximately $7 million to $8 million) per plant. This initiative aims to enhance operational efficiency, reduce production costs, and improve environmental sustainability.
Misr Cement Qena is one of Egypt's leading cement producers, listed on the Egyptian Exchange (EGX) under the ticker MCQE.CA. The company was included in Forbes Middle East's list of Egypt's 50 Most Valuable Companies in 2026.
According to the company's filing with the Egyptian Exchange, the investment in the alternative fuel project will be carried out in phases. In addition to alternative fuels, the company has signed a solar energy project contract, implemented under the Independent Power Producer (IPP) model. Under this model, the project developer bears all construction and operation costs, while Misr Cement only purchases the generated electricity according to the contract terms. Through these measures, the company aims to increase the share of alternative fuels and clean energy in its energy mix, while reducing carbon emissions and enhancing competitiveness.
Furthermore, Egypt's Minister of Industry, Khaled Hashem, recently stated that the government supports the cement industry in expanding the use of alternative fuels and increasing reliance on clean energy to boost the competitiveness of Egyptian products in international markets. Misr Cement plans to increase its cement exports to approximately 1.3 million tons by 2028, following the successful shipment of its first batch of cement to the U.S. market in May 2026.
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