Hyma plast increases competitiveness and production capacity by investing in energy efficiency
Investor
Hyma Plastic – Hyma Foam Co.
Location
Giza Governorate, Egypt
Investment
Energy-efficient blown film extrusion lines
Investment Size
US$ 2,616,542
Financial results
Payback 3.9 years
Energy savings
1,386 MWh per year
CO2 savings
623 tonnes per year
Impact
Energy efficiency, Increased production output, improved competitiveness
Hyma plast invested in energy efficiency to improve its competitiveness and profitability.
Hyma Plastic-Hyma Foam Company is one of the leading plastic manufacturing companies in Egypt. The company produces polyethylene (PE) blown film products for different applications and services as agriculture, aquaculture, flexible packaging industrial packaging and geomembrane for lining and insulation.
The company invested in improving the energy efficiency of its production process at its production facility located at Abu Rawash, Giza. The company replaced six old blown film extrusion lines with two new modern lines. The new blown film extrusion lines can produce 5-layer blown film which would open new markets for Hyma Plast and, consequently, enhance its competitiveness, besides, their superior energy performance, in comparison to existing machines.
The GEFF team evaluated the efficiency characteristics of the new extrusion lines and confirmed that their performance was in line with the best available technologies internationally. In addition to assessing the economic viability of the installation, the GEFF team also provided an assessment of the potential environmental benefits associated with the investment.
The US$ 2,616,542 investment helped reduce overall energy consumption by the equivalent of 1,386 MWh per year (24%). The company’s reduction in their energy consumption, in addition to 33% increase in production capacity will help recover the investment in less than four years. This is in addition to adding new products to its product range. The company significantly increased its competitiveness and profitability.
The reduction of greenhouse gases associated with this investment is estimated at 623 tonnes of CO2 per year, a valuable contribution to mitigating the negative impacts of climate change.
GEFF Egypt was developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the European Union Neighbourhood Investment Facility.