Egypt's Ministry of Foreign Affairs has signed a memorandum of understanding (MoU) with Energy 3 to build a waste recycling station that produces biofuel and graphene.
The Global Environment Facility had reportedly granted Egypt $8 million to localize electronic and medical waste recycling technology. It had equally granted Egypt $8.1 million to carry out the Sustainable Management of Persistent Organic Pollutants (PoPs) Project.
The project, also funded by the World Bank Group's Pollution Management and Environmental Health Trust Fund (PMEH) with $750,000, helped the country get rid of 1,000 tons of each of toxic pesticides, and oils contaminated with polychlorinated biphenyls (PCBs).
The total cost of the project is $23 million, mostly provided by a number of Egyptian ministries, given its positive impact on 1.4 million citizens directly, and 3.1 million indirectly.