Lafarge Egypt pens LNG trucking deal
Cement transit company Lafarge's Egyptian subsidiary is preparing to convert all its trucks to run on natural gas, in an agreement with Ostool for Land Transportation, a subsidiary of investment holding company RAYA, UAE newswire Zawya reported September 1.
Lafarge hopes the collaboration will support decarbonisation of its fleet, in line with the ambitions of both partners to support the UN's Sustainable Development Goals, as well as Egypt's "Vision 2030" policy framework.
Ostool aims to convert 300 trucks across industry verticles to run on natural gas. Its CEO Tamer Badrawi said: "We acknowledge our responsibility towards the current and the future. Ostool promotes green initiatives in its plans for the near future.
Jimmy Khan, CEO of Lafarge Egypt, added the move also aligned with the "vision" of Lafarge's parent company, Holcim Group, to guide sustainability in the construction materials industry.
Khan said: "We are part of this world, live its daily challenges, share the responsibility for finding solutions and implementing them through our work.
"We strongly believe in the vitality of environmental sustainability as well as fighting climate change, where we contribute to achieving Holcim’s vision – the vision for a future that builds progress for people and the planet.”