Page 16 - DMEA Week 47 2021

DMEA NEWS IN BRIEF DMEA

modernization Monday, two days before the project, telling Devex by email that it was value during their lifespan. Materials can
decisive board meeting, according to bank aligned with the mitigation goals of the 2015 then be recovered and products regenerated
management. Paris climate accord. as their service life comes to an end,” David
The money would have gone to the state- “The proposed investment plans to Stockton, CEO, Dulsco, said.
owned Alexandria Petroleum Company for a control emissions, improve water and energy Using expert manpower and cutting-
wastewater treatment facility ($100 million), efficiency, reuse of wastewater [and] upgrade edge technologies, Dulsco has developed
a cooling tower, vapor recovery unit, and production to cleaner Euro 5 standard diesel,” environmentally aligned products and
energy efficiency measures ($30 million), and Al-Mashat wrote. services to meet the unique needs of complex
to partially fund technology that removes “All this without increasing the production industries such as the nation’s ports and oil
sulphur from car fuel ($120 million) to volumes, would definitely support the and gas sectors.
improve air quality. company and the country [in] achieving The company’s recent investment is a state-
For EBRD management, the loan was a higher environmental and procurement of-the-art oil re-refinery facility, capable of
chance to engage with Egypt on the country’s standards.” processing around 1,400 tonnes of oily waste
low-carbon pathway and reduce carbon DEVEX and 600 sludge generated by the marine, oil,
dioxide emissions, without increasing the gas, and industrial sectors per month.
plant’s capacity. Dulsco launch unique oil As a major regional and international trade
NGOs, however, criticized the project for hub, daily marine traffic into Jebel Ali and the
prolonging fossil fuel infrastructure. Some of re-refinery plant in UAE Port of Rashid in Dubai is high, requiring a
the multilateral lender’s 73 shareholders were facility for safe disposal of marine waste, in
apprehensive as well. The environmental solutions vertical of line with IMO-Marpol standards.
Projects require a simple majority of the Dulsco Group has launched an advanced oil Dulsco is the only waste management
voting power of the banks’ shareholders, the re-refinery plant, the first of its type in the company in Dubai approved to handle all
largest of which is the United States, followed region. The facility, located at Jebel Ali, spans types of marine waste as per Marpol annex 1,
by the United Kingdom, France, Italy, and over 14,000sqm. 2, 3, 4 and 5.
Germany. None of the major shareholders Progress within any industry comes at the “Dulsco’s re-refinery facility adds to Dubai’s
asked by Devex in the past week about expense of an unfortunate by-product “waste”. goal of providing a fully-integrated resolution
whether or not they supported the project Progressively developing economies such as to the Maritime Industry’s various oily wastes
answered the question. the UAE’s value sustainability as an integral to help protect the environment and our vital
Consultations between shareholders component of the country’s development natural resources. Waste, oil, and oily sludge
and management intensified in the run up efforts, and waste management is treated with contains hazardous components. If used as
to Wednesday’s board meeting, which was the utmost of importance. fuel without treatment, toxic components are
expected to approve the loan. Investing heavily in technology and released into our environment that pollute the
Finally, EBRD’s managing director for innovation, Dulsco seeks to support the UAE’s air we breathe and water we drink”.
communications, Jonathan Charles, told agenda for sustainability and the country’s “Dulsco looks forward to working closely
Devex by email Monday: “Egypt has decided mission to achieve a circular economy. with DP world and the marine sector in
to withdraw the Alexandria Refinery project. “Our priority is to play a leading role Dubai, in our efforts to provide a state-of-the-
It will not be going to the EBRD Board for nationally in implementing sustainable art processing facility to handle these wastes
consideration this Wednesday.” infrastructure for the future. We do this by in line with Marpol and local environmental
Charles referred questions on why the loan ensuring that our values are applied through requirements.” Stockton added.
was withdrawn and next steps to Egyptian investment, expertise, and education in Instead of waste oil or oily sludge
authorities, who did not immediately respond circular economy best practices and recycling remaining uncontrolled in the waste supply
to request for comment. projects. chain, it will be collected, treated, and reused,
Just hours before EBRD said it had been Our ultimate aim is not solely for us - we in accordance with the highest standards.
withdrawn, Rania Al-Mashat, Egypt’s minister encourage others to maintain their resources Dulsco’s fully integrated and
of international cooperation, defended the for as long as possible, to extract maximum programmable logic controlled (PLC) plant,

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