A new company has been launched in Egypt to build a US$530M sustainable aviation fuel (SAF) facility, Egypt Oil & Gas reported.
The Sustainable Aircraft Fuel Production Company (ESAF)’s ownership structure comprised an 85% stake held by Egyptian public petroleum sector companies and a 15% stake owned by the private sector, the 10 November report said.
Located in Alexandria Governorate, the new 120,000 tonnes/year facility is scheduled to begin production in the next few years using locally sourced waste as a primary feedstock, according to the report.
The project aimed to reduce CO₂ emissions by up to 400,000 tonnes/year, the report said.
Egypt was committed to international regulations mandating global airlines blend traditional jet fuel with sustainable alternatives within EU airspace, with targets set at 2% by 2025 and reaching 70% by 2050, Egypt Oil & Gas wrote.
