Egypt’s cement producer Arabian Cement Company (ACC) announced on July 31 the signing of an agreement with the Egyptian Refining Company to supply local petroleum coke, also known as pet coke, with an annual volume of 300,000 tons as of July 2019, Invest-Gate reports.

Commenting on the signing, CEO of ACC Sergio Alcantarilla said, “This agreement aligns with Arabian Cement Company’s efforts to reduce production costs, highlight our leading market position in implementing projects and signing agreements with key industry partners, and improving the operational performance of the company by diversifying energy sources.”

Petcoke is a solid nonvolatile residue which is obtained as the final still product in the distillation of crude petroleum and whose purity makes it desirable for metallurgical processes, for carbon electrodes, and as a fuel.

In early 2o19, ACC has signed an agreement with SolarizEgypt for establishing a solar photovoltaic (PV) energy plant within its premises in Suez Governorate.