CAIRO, May 16, 2022 /PRNewswire/ — On May 15,2022In the presence Dr. Mostafa Madbouly, Egypt’sDr. Yasmine FouadThe memorandum of agreement (MoU) was signed by the Egyptian government and Okeanos Egypt, which entails cooperation. Okeanos Egypt is an Egyptian joint venture between Okeanos Group in the USA and Income International, a leading Egyptian oil and industrial services company. This memorandum describes the government’s support to reduce plastic content and carbon emissions in packaging, single-use items, by more than half using calcium carbonate.
As the host country of the forthcoming Conference of the Parties (COP27)In Sharm el-Sheikh in November, the Egyptian government will be a voice for all African countries. As such, EgyptThe company intends to set an example by promoting environmental initiatives and innovating technical solutions like Made From Stone, which will help address the world’s climate issues. “The project in EgyptDr. Yasmine Fouad.
Okeanos’ patent-pending Made From Stone technology makes it possible for calcium carbonate to be replaced with traditional resin, a naturally abundant and sustainable mineral. The technology uses biomimicry to mimic the eggshell, which is 97% calcium carbonate bonded together by proteins. This upstream solution can reduce an item’s virgin material and carbon emissions, and can be made recyclable or biodegradable. Okeanos continues its efforts to reduce overall plastic content. This is done through the continuous development of natural binders or degradants.
Okeanos Egypt plans invest in a plant that will make its patented product available to local manufacturers. It will tap into a vast reserve of calcium carbonate previously unutilized, replacing nearly $3 billionImports of feedstock. Locally sourced Egyptian calcium carbonate is processed with Egyptian labor to create technical compounds that can then be used by top Egyptian brands. Made From Stone compounds can easily be used with existing plastics manufacturing equipment, without the need for capital investment.
“Our joint venture, Okeanos Egypt is the perfect match between the two companies Okeanos of America (and Income of Egypt). EgyptAmr Sheta (Executive Partner at Income International), said, “We are very happy.” “Introducing the innovative Made From Stone technology for the Middle EastIt will significantly reduce carbon dioxide emissions and plastic usage. Through an ambitious investment plan over three years, the project will create many promising jobs in Egypt. 50 Million US DollarsThis will reduce imports of plastic materials Further, it could have a negative impact on hard currency. enhancing Egypt’s“Transformation towards a sustainable, green economy” Okeanos Egypt is the main manufacturing center. AfricaThe Middle East.
Dr. Fouad stressed that collaboration between the public sector and the private sector is important and that the project has great potential to have a positive impact. Ambassador also reiterated this message earlier in the day. David ThornDuring his opening speech to the Green-Tech Delegation currently hosted by AMCHAM Egypt and the US Chamber of Commerce, Senior Advisor to US Special Presidential Envoy for Climate
“The Okeanos Egypt Project is a shining example of the Made From Stone solution that is scalable, cost-effective, and immediately applicable. It is also a beacon for public/private cooperation in the region, and a model that can be replicated.” TodayFlorencio Cutara is Okeanos CEO.
The technology has many applications. Multi-national brands and governments are currently using Made From Stone solutions to improve film and thermoformed, blown-molded, and injection-molded products. This includes single-use products, cosmetic packaging and food packaging. Future applications are being explored for agricultural films and building materials. Made From Stone products will help educate consumers about their environmental impact by using a scannable QR code. This code tracks the product’s journey to the grocery along with the Made From Stone peel logo in the market’s language.
Okeanos, with the support from the Egyptian government plans to highlight Made From Stone’s capabilities as well as variety of applications with an important presence at COP27, and through a series o events and panels with other non-governmental organizations. These events were designed to amplify the voices and concerns of organizations dealing directly or indirectly with climate change, especially the harmful effects unregulated virgin plastic production and pollution all over the globe.
Please visit this website for more information about Okeanos and Made From Stone. www.madefromstone.com
Media Contact
Nicky Wyman
Okeanos, Strategic Communication Director
[email protected]
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