Egypt to invest $530M in SAF facility
In Egypt, Egypt Oil & Gas reports the Egyptian Petrochemicals Holding Company, along with other shareholders, has launched Egypt Sustainable Aviation Fuel Company to develop a $530 million, 120,000 metric ton SAF plant located near Alexandria. The company, with 15% private sector shareholder and the remainder held by public companies, plans to use waste feedstock for the facility that is set to be online in the next few years. The fuel is meant to reduce carbon emissions by 400,000 tons annually.
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