There are many advantages to using renewable energy sources for businesses, such advances are marketing and image opportunities, reduction of emissions, lower energy costs, and many others. Corporations need to become leaders in making this change, since the amount of energy they use is undeniably more than energy used personally. Fact is that as easily reached fossil resources begin to run out, the cost of this type of energy will only increase with scarcity. At the same time as fossil fuels become more expensive, the cost of greener energy sources is falling. The interest, investment and development of green energy solutions is bringing costs down as we continue to build up our knowledge and are able to build on past breakthroughs. As a result, green energy can not only become economically viable but also the preferred option. Therefore, the Egyptian government has set targets for renewables to make up 42% of the country's electricity mix by 2035, based on rapid solar and wind deployment.
Moderator:
Emad Ghaly
Managing Director, SDSMENA
Emad Ghaly is the President of the German-Arab Chamber of Industry and Commerce and the CEO of SDSmena Ltd. He has over 25 years of experience during which he was the CEO of Siemens Egypt. His tenure in Siemens lasted for over 20 years, where he held various managerial positions in Europe and the Middle East. Ghaly was the Senior Executive Vice President for Wind and Renewables for Siemens in the Middle East, and for Power and Gas for Siemens in Egypt.
In addition to that he worked as President Head of Corporate Strategy and Government Affairs for Siemens in Egypt.
Prior to this tenure, Ghaly served as Director of Regional Sales Northern and Western Europe – from 2004 through 2006 – where he contributed to developing the company’s business in several countries across Europe including Germany, the UK, Ireland and Netherlands.
Ghaly received his bachelor’s degree in engineering from Ain Shams University, and completed his MBA at the American University in Cairo in 2002. He was selected in 2011 as a Member of the Advisory Board of the Renewable Energy and Energy Efficiency for the Middle East and North Africa (REmena), and also served as a board member of the Egyptian Junior Business Association (EJB) from 2011 to 2015.
Panelists:
Andreas Beckers Country CEO, Executive Board member, Thyssenkrupp Industrial Solutions Andreas Beckers is a business professional with over 20 years of experience. He has a bachelor’s in chemical Engineering from R.W. Technical University Aachen. He has been working in ThyssenKrupp since 1995. He headed different departments before being Egypt's CEO, including Business Development, Opportunity Management, Risk Management and lastly Project Risk Controlling. key projects on sustainability: - thyssenkrupp and Egypt Study Establishment of Factory for Green Hydrogen, Ammonia Production, with an aim of exporting eco-friendly substances to Germany.
- ThyssenKrupp has cooperated with a number of Egyptian companies in building factors for petrochemicals, cement and natural gas in several Egyptian governorates including Cairo, Alexandria, Beni Suef, Suez, and Aswan.
- thyssenkrupp plans to double its sales in Egypt to $113m and is in talks with a number of Egyptian companies such as Orascom Construction and Industry, as well as state petrochemical companies, to set up green fertilizer plants
- thyssenkrupp and international industry network, Dii Desert Energy, are working together to revive the initiative to unleash the energy transition in the MENA region and create sustainable value in the region.
- thyssenkrupp finished a project with Sidpec to upgrade their polyethylene plant. Besides that, there is an ongoing revamp project with their long-term customer the Egyptian Propylene & Polypropylene EPPC. They bidded on a project for a new EPPC complex. (2019 and ongoing)
- YLE foundation, in cooperation with Thyssenkrupp corporation, planted 2,000 fruit trees to adapt to climate (YLE) – 2021
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Manal Hassan Group CSR and Sustainability Director and Vice Chairman, Elsewedy Electric Foundation She has over 20 years of experience as a development consultant. she has been working with ElSewedy for 5 years. Prior to this she worked with Egyptian National Competitiveness Council where she headed Policy and Communications department and the Fundraising as well. Manal was the Executive Director of We Owe It To Egypt Foundation -Arab African International Bank. She holds two master degree from the American University in Professional Development and International Economics Key Projects on sustainability:
Renewables are the fastest-growing energy source in the world. In Egypt, the government plans to Reach a total Renewable energy generation capacity of 20% by 2022 and for the future development to double this generation capacity to reach 42% by 2035. We are building on our successful track record in the energy sector by playing a growing role in solar and wind power. - ElSewedy has sustainability strategy 2020-2023 to accelerate the transition towards a sustainable, digital and resilient energy future.
- ElSewedy became a signatory of the UN Global Compact in 2017, which is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.
- From 2021, They introduced Rigorous Climate and Water policies introduced and submitted to Climate and Water CDP and S&P CSA.
- For CSR, Elsewedy work on 4 pillars; Health, Education, communities and elsewedy foundation through which they have implemented over 13 projects.
- Elsewedy Electric have joined forces with EDF (Electricité de France) to develop, finance, build and operate two solar PV power plants in Benban and Kom Ombo, Aswan which is considered the world’s biggest solar park in Benban, Egypt.
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Ghada Hammouda Group Chief Sustainability & Marketing Officer, Qalaa Holdings She is an IFC & FRA Certified Board Director, Arab Federation of Exchanges Sustainability Committee member, EGX sustainability Committee independent member, Global Climate Reality Leader. She has 30+ years track record in B2B and B2C industries. She has a BA from the American University in Cairo in Business Administration and Mass Communications and holds a license-de-droit from Cairo University’s School of Law.
She served as a senior executive for over 20 years at top New York and European blue chip and start-up firms including IBM, AT&T International, Mars, Philip Morris, Procter & Gamble, Reciprocal, Inc., WPP’s Ogilvy & Mathe.
Co-Chaired the African Venture Capital Association’s Advocacy Committee, the Women in Business Committee at the American Chamber of Commerce in Egypt and was a board member for the New York-based Sunhawk.com Corporation. Key Projects on sustainability - Qalaa’s subsidiaries have a role in achieving sustainability for example at peak construction, the Egyptian Refining Company (ERC), Qalaa’s USD 4.3 billion oil refinery created 16,500 construction jobs and 700 permanent jobs. The refinery is producing clean-burning Euro V diesel fuel for local consumption, a step that will reduce Egypt’s sulfur emissions by almost one third.
- Qalaa established a subsidiary TAQA Arabia which is Egypt’s largest private sector energy distribution company with more than 20 years’ experience investing and operating energy infrastructure including gas transmission and distribution, power generation and distribution and marketing of petroleum products. TAQA Arabia provides services through five subsidiaries: TAQA Gas, TAQA Power, TAQA Marketing, TAQA Solar, and TAQA Water.
- They are a founding member of the Egypt chapter of the United National Global Compact, the world’s largest corporate sustainability initiative, with over 9,500 signatories across more than 160 countries.
- They were the first Egyptian company to receive an “A grade” from the Global Reporting Initiative for their 2015 Sustainability Report, and they are consistently ranked in the top 10 companies with sustainable business practices on the Egyptian Stock Exchange.
- Qalaa gives focus to nine of the SDGs which are goals 4,5,7,8,9,10,12,13,17 (which includes climate action and responsible consumption)
- In addition to complying with environmental laws in all countries where they operate, Qalaa Holdings has also developed proactive environmental policy to ensure that they have a positive impact which encompasses the following goals and practices.
- Qalaa are the first Egyptian company to sign an international pledge that aims to limit the effects of global warming and building a net-zero carbon economy for the future. As signatories of the Business Ambition for 1.5°C, Qalaa measures, quantifies, and accordingly reduces its greenhouse gas emissions at a pace and scale that is necessary to limit global warming.
- Qalaa’s initiative “Tawazon” is redefining the environmental impact of traditionally toxic industries. By recycling solid waste into fuel for heavy industries such as cement.
- Tawazon offers waste-to-energy solutions by providing alternative fuels to heavy energy consumers, while its subsidiary, ECARU produces biomass from agricultural waste and GlassRock produces energy-efficient insulation materials such as glass wool and rockwool. Uniboard uses recycled wastepaper as one of the main raw materials in the production of duplex boards.
- ERC utilizes advanced technology to convert the lowest value fuel oil into middle and light distillates.
- Qalaa are prevailing in their renewable energy ventures, reducing its carbon footprint and cutting harmful emissions, in addition to investing in driving the transition towards a greener economy. In line with the presidential inauguration of ERC and TAQA Arabia’s Benban solar power plant, in addition to TAQA’s introduction of the latest technologies to support the state’s plan to expand the usage of natural gas by converting vehicle engines to run on dual fuel, using both natural gas and diesel.
- TAQA Arabia’s EGP 1.35 bn solar power plant in Aswan’s Benban Solar Park eliminated 78,000g/kWh emissions.
- ERC is expected to reduce Egypt’s sulfur and sulfur dioxide emissions by 93,000 tons and 186,000 tons annually, respectively, by producing clean-burning Euro V diesel for local consumption.
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Disclaimer:
The German-Arab Chamber of Industry and Commerce is closely monitoring the COVID-19 situation. Health precaution and social distancing measures will be taken in compliance with the government regulations.
