CAIRO, May 16, 2022 /PRNewswire/ — On May 15,2022In the presence of 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, a joint venture between Okeanos Group (a US-based sustainable technology company) and Income International (a leading Egyptian petroleum and industrial service company), is Okeanos Egypt. The memorandum details the government’s support for reducing plastic and carbon emissions in packaging and single use items by more that half. It uses calcium carbonate.
As the host nation of the upcoming Conference of the Parties (COP27)The Egyptian government will represent all African nations in Sharm el-Sheikh on November 11. As such, EgyptIt intends to be an example by leading by example and promoting proactive environmental initiatives as well as innovative technical solutions such Made From Stone to address the world’s climate problems. “The project in EgyptDr. Yasmine Fouad.
Okeanos’ patent-pending Made From Stone technology allows for the immediate replacement of most traditional resins with calcium carbonate. This is a naturally abundant, renewable 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 is working to further reduce overall plastic content by continuing to develop natural binders, and degradants.
Okeanos Egypt plans investment in a plant to produce its patented product for local producers tapping into a vast, previously underutilized calcium carbonate deposit. This will replace nearly $3 billionImports of feedstock. This will allow Egyptian labor to process locally sourced Egyptian Calcium Carbonate to make technical compounds that can be used by leading Egyptian brands. Made From Stone compounds can be used on existing plastics production equipment without additional capital investment.
“Our new joint venture Okeanos Egypt is a perfect match in the portfolio of Okeanos of America, Income of Egypt and Okeanos of Egypt. EgyptAmr Sheta (Executive Partner of Income International) stated, “We are very happy.” “Introducing the innovative Made From Stone technology for the Middle EastThis will reduce plastic use and carbon dioxide emissions. Through an ambitious investment plan that spans three years, the project will provide many promising job opportunities in Egypt. 50 million US dollars, reducing imports plastic materials Impacting hard currency further enhancing Egypt’sTransformation towards a sustainable green economic systemOkeanos Egypt is the main manufacturing center. AfricaThe Middle East.
Dr. Fouad emphasized the importance of collaboration between public and private sectors and the potential for the project’s 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 for agricultural films are being developed. Made From Stone technology products will also help educate consumers about the environmental impact of their products through a scannable QR Code that tracks the product’s journey from ground up to grocery. The QR code is displayed alongside the Made From Stone peel logo which is rendered in the local language.
Okeanos plans with the support of Egypt’s government to highlight Made From Stone’s capabilities and variety in applications with a significant presence at COP27Through a series of events, panels, and discussions with non-governmental organisations, the aim was to amplify the voices and concerns of organizations directly concerned 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
Okeanos, Strategic Communications Director