RIYADH: Egypt has signed a $200 million agreement with Qatar’s Al Mana Holding to develop a sustainable aviation fuel plant in the Suez Canal Economic Zone, marking the first Qatari industrial investment in the area.
The project, located in the Ain Sokhna Integrated Zone, will be built on a 100,000-sq.-meter site and have an annual production capacity of 200,000 tonnes, according to a post on the official account of the Egyptian Cabinet Presidency.
The facility will produce sustainable aviation fuel and by-products, including biopropane and bionaphtha, using refined used cooking oil.
Al Mana Holding has secured a long-term supply agreement with Shell for the full output of the project, with deliveries of sustainable aviation fuel expected to begin by the end of 2027.
The project aligns with Egypt’s national plans to support the aviation sector in line with environmental sustainability standards, amid strong global growth expectations for cleaner aviation fuels.
