Nour for Food Industries (Nour) is a SME that specializes in the production of frozen foods and vegetables. By improving the energy efficiency of its Freezing Tunnel system, the company has increased its competitiveness and profitability.
Nour, founded in 2016, is an Egyptian company that specializes in the production of frozen foods and vegetables. It produces primarily strawberries and peas which it then sells to clients in both domestic and international markets. The company owns and operates a manufacturing facility in Beheira Governorate, where it produces approximately 5,700 tonnes of frozen foods and vegetables per year. Exports to European countries, primarily Germany, Poland, and the Netherlands, account for more than 90% of the company’s revenue.
To improve its energy efficiency, the company replaced an old freezing tunnel system and an old auxiliary cooling tower with newer, more modern ones. The new tunnel system and cooling tower will reduce energy and water consumption while increasing annual productivity. The investment will increase Nour’s current production capacity to approximately 10,000 tonnes of frozen foods and vegetables per year, while lowering its energy and water bills.
The GVC team evaluated the technical and financial parameters of the investment and provided technical assistance in the selection of the best available technology that would result in the best financial results while lowering the company’s environmental impact.
The investment of US$ 589,626 resulted in 494 MWh per year of energy savings, 13,842 m3 per year of water savings and the avoidance of GHG emissions by 238 tCO2eq every year.
Egypt Green Value Chain Financing Facility was developed by the European Bank for Reconstruction and Development (EBRD) and is financially supported by the Green Climate Fund (GCF), the European Union (EU) and the EBRD Shareholder Special Fund (SSF).
The Sub-borrowers receive an investment incentive for successful project implementation, provided by a grant from the EU.
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