The Egyptian Petrochemical Holding Company, Alexandria National Refining and Petrochemical Company (ANRPC), and a private firm are planning to invest $380m to build a sustainable aviation fuel (SAF) plant with a capacity of 120,000 tonnes per annum in Egypt.
This SAF will be produced from used cooking oil using the HEFA pathway. The project is expected to be established besides ANRPC in Alexandria and will be integrated with the sector’s companies.
The news, published by Egyptian news outlet Asharq Business, quoted an anonymous government official.
The official revealed that “the preparation of the financing study for the project will be completed next April, and includes borrowing $280m from abroad, provided that the project will be built on land belonging to the company ANRPC. It is targeted to start work on the project by the end of 2026.”
The Egyptian Petrochemical Holding Company is set to acquire 70% of the project’s capital, while ANRPC will receive 15% and the private company 15%.
Earlier in October 2023, Egypt’s Minister of Petroleum and Mineral Resources Tarek El Molla met with Mohammed Mohaisen, Middle East, North Africa, Middle Asia and Turkey CEO, Honeywell, as well as Khaled Hashem, President, Honeywell Egypt, to discuss the potential for SAF projects in UAE.
In addition, the proposed SAF plant’s feasibility study was presented at the meeting, highlighting the potential for establishing a new company in partnership with the Ministry of Petroleum and Mineral Resources, represented by the Egyptian Petrochemical Holding Company, and private sector companies.
