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Evergrow Uses Waste Heat to Save Energy

Investor
Evergrow (Fertilizers' manufacturer)
Investment
Waste heat recovery boilers
Investment Size
$7.2 million
Energy savings
54,022 MWh/year
CO2 savings
24, 310 tCO2eq/year
Donor
EBRD Shareholder Special Fund and SEMED Multi-donor Account

Recovery of waste thermal energy resulting from the production process and resulting and converting it into steam in a Waste Heat Recovery Boiler.

Established in 2006 and specializes in manufacturing fully soluble solid and liquid fertilizing formulas.

Managed by a team of visionary leaders, the business plan was designed with competitive business objectives that include increasing the overall production capacity and reducing the dependence on the grid for electrical supply.

The GEFF team performed the project analysis, assessed the potential of energy savings, financial-technical parameters and risks.

The USD 7,200,000 investment allowed the company to reduce the energy consumption by 54,022 MWh/year.

The new equipment led to a reduction of the CO2 emissions by 24, 310  tonnes per year, making a valuable input towards mitigation of negative effect of human activity on climate.

“We reduced the burden of the national grid by 35% of our needs, which they can use to serve other users”.

The Green Economy Financing Facility in Egypt was developed by the European Bank for Reconstruction and Development (EBRD) and is supported EBRD’s Shareholder Special Fund and SEMED Multi-donor Account.

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