Independent commodities trading company Mercantile & Maritime Group is set to expand its terminal in the United Arab Emirates (UAE) with the addition of a biofuel facility.
Set for completion by 2026, the AED 2.2bn (US$600M) biofuel processing plant at the company’s MENA Terminals in Fujairah would be the largest biofuel processing facility in the Middle East, Mercantile & Maritime Group said on 5 November.
Once operational, the facility would produce up to 150M litres/year of sustainable aviation fuel (SAF), representing almost 10% of current global SAF production, the company said.
“This expansion is a significant step forward for Mercantile & Maritime Group and sustainable energy across the UAE,” Mercantile & Maritime CEO Murtaza Lakhani said.
“By producing SAF locally, we are reducing the nation’s reliance on imports … lessening carbon emissions and minimising environmental impact across the entire supply chain, including traditional shipping methods.”
The facility is in line with the UAE’s Net Zero by 2050 initiative.
Specialising in the physical trading of oil and gas, Mercantile & Maritime Group is a global provider of energy and logistics and is active in the Middle East, Europe and Asia
