Greek V.group inks deal to recycle solid, liquid waste in Suez Canal

Egypt’s Suez Canal Authority and the Greek V” group of companies have signed on Monday to provide solid and liquid waste collection and management, within the logistics services provided to trans-canal vessels, according to an official statement.

Under the agreement, an Egyptian joint stock company will be established in partnership between the SCA, represented by Canal Rope Co., Suez Maritime Arsenal Co., the Greek Antipollution Co., and the Egyptian-Greek businessman, Eric Adam.

These companies are handing to add a new service within the logistics services provided to ships transiting the canal, in accordance with the latest international environmental standards.

Egyptian Prime Minister Moustafa Madbouly affirmed that the new partnership provides new logistical services for ships transiting the Suez Canal, which is a strong addition that supports the development of the system for providing maritime logistics services.

Madbouly further added that the deal will maximise the benefit from the navigational course of the Suez Canal and the surrounding area, and integrates with the state’s efforts.

He elaborated that the solid and liquid waste collection and recycling service enhances efforts to localise environmentally friendly industries and activities.

Madbouly also said that the project will help to achieve the sustainable development goals, it is also a product of the strategy adopted by the government to develop the concept of the blue economy.