Suez Canal Authority reviews progress of ‘Antipollution Egypt’ in pioneering green transformation

CAIRO – 18 September 2025: Admiral Osama Rabie, Chairman of the Suez Canal Authority (SCA), chaired a shareholders’ meeting on September 18, 2025 to review the latest developments of Antipollution Egypt, a company specializing in safe and sustainable waste collection and removal services for ships transiting the Canal.

The meeting, held at the Guidance Building in Ismailia Governorate, was attended by Veron Vassiliadis, President of the V Group, owner of the Greek company Antipollution, as well as businessman Eric Adam and Admiral Ashraf Atwa, Vice Chairman of the SCA.

Discussions focused on the company's business performance, operational statistics, future plans, and upcoming expansions.

At the start of the meeting, Rabie emphasized that launching this environmentally responsible service through Antipollution Egypt represents a critical step in the Suez Canal’s green transformation, in preparation for officially declaring it the “Green Canal.”

He highlighted that the strategy for waste management in the Canal prioritizes compliance with international environmental standards, the use of advanced technologies, and alignment with the International Maritime Organization (IMO)’s initiatives for sustainable maritime operations.

Rabie directed the swift completion of procedures for establishing a solid and liquid waste recycling plant, as part of the company's second-phase expansion aimed at bolstering its operational capabilities.

Mr. Veron Vassiliadis, Chairman of V Group International, commended the Suez Canal Authority for its dedication to ensuring the success of the partnership, which he described as a model for providing environmentally sustainable services that align with shareholder and stakeholder interests.

He reported that since its official launch in May 2025, Antipollution Egypt has serviced 2,516 vessels and safely collected 6,600 cubic meters of waste, underscoring the project’s early success and operational efficiency.

He also affirmed the company’s commitment to fulfilling its contractual obligations, noting that Egyptians comprise over 90% of the company’s workforce, and that the company intends to create 500 direct and indirect job opportunities upon completion of its second-phase expansion and the establishment of the recycling plant.

Egyptian-Greek businessman Eric Adam expressed his gratitude to Rabie for his consistent support and close follow-up on the project’s progress. He reaffirmed the company’s commitment to advancing its expansion plans and enhancing both its financial and human resources capacity in the coming period.