Egyptian Electronics Recycling Co. (EERC), led by Chairman Eng. Ahmed Salem, has signed a memorandum of understanding with IREN Group, one of Italy’s largest multi-utility companies with annual revenues of around €6 billion. The signing took place in the presence of the Italian Ambassador to Egypt.
Egypt’s first precious-metal recovery plant
The partnership plans a new facility in Egypt that uses advanced Italian wet-processing (hydrometallurgical) technology to recover copper, gold, silver, platinum and palladium from electronic waste in an environmentally sustainable way. It will be the first plant of its kind in the Middle East and Africa.
The planned investment is between €3 and €4 million. The project transfers Italian know-how to Egypt and is expected to strengthen the country’s position as a regional leader in green manufacturing and the circular economy.
