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GVC supports DelPack through investment in innovative technology

Investor
Delta Misr for Plastic (DelPack).
Location
Gharbia
Investment
Direct moulding machines for plastic
Investment Size
US$ 1,923,258
Financial results
approximately 11% annual profits increase
Energy savings
593 MWh/year
CO2 savings
287 tCO2eq
Impact
Climate change mitigation, and improved competitiveness
Donor
EU, GCF, EBRD SSF

The SME DelPack invested in two direct molding machines that combine the two production processes of plastic injection and blowing into one process, using a new technology developed by Aoki, Japan. The project will help the company reduce water and energy consumption.

Delta Misr for Plastic (DelPack), founded in 1997, is a PET plastic producer specializing in preforms, bottles, jars, containers, and cap closures. The company owns and operates a production facility in the Gharbia Governorate and sells its products in the local market to clients from the food and beverages, petrochemicals, and pharmaceutical industries.

DelPack is expanding its  production of PET plastic containers by investing in modern technology for plastic molding, which combines both the injection and blowing processes in a single machine. Combining the two processes in one reduced energy consumption compared to conventional technologies, improved the quality of the final product, and reduced production time per unit. The investment will help the company increase its production capacity.

The GVC team evaluated the technical and financial feasibility of the investment, provided technical advice to DelPack in selecting the best available technologies and confirmed the positive impact of using the selected technology in reducing operational expenses, energy consumption, greenhouse gas emissions and production time per unit.

The investment of approximately US$eq 1,923,258 (€ 1,520,762) will increase DelPack’s annual profits by approximately 11%, achieve energy savings of 593 MWh/year and reduce GHG emissions by 287 tCO2eq/year, or the equivalent to 35 homes’ energy use for one 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.