Egypt's General Authority for Investment and Free Zones (GAFI) CEO Hossam Heiba met with with Canadian firm Borna Membrane Solutions, a specialist in gas separation and carbon capture technologies, to explore localising its solutions in Egypt as part of the country's low-carbon transition strategy. During the meeting, Heiba reviewed incentives offered to investors, including tax and customs exemptions and the flexibility to set up operations near oil and gas fields under the private free zone regime. Borna CEO Sam Salimi said the company plans to invest $40 million to build a facility in Egypt producing flare gas recovery systems and carbon separation technologies. The captured gases, including propane, butane and methane, would be reinjected into the national gas network, supporting energy savings and emissions reduction. Salimi added that Canadian government and financial institutions are supportive of companies investing in high-growth markets like Egypt. The project is also expected to help Egyptian exporters comply with the EU's Carbon Border Adjustment Mechanism (CBAM) by reducing the carbon footprint of industrial products, enhancing their competitiveness in European markets. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
