In Japan, the African Development Bank and JGC Corporation, a Japanese engineering company, have signed an agreement to explore cooperation in the development of sustainable aviation fuel in Africa.
The two parties signed a Letter of Intent to this effect on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9) in Yokohama, which concluded last month.
The Letter of Intent establishes a framework for cooperation between the two institutions to jointly promote development, information and knowledge sharing, and to explore co-financing opportunities for sustainable aviation fuel and other green aviation solutions in Africa.
Under the agreement, the African Development Bank will facilitate coordination and dialogue with public sector aviation stakeholders, identify potential project pipelines, and explore possible financing options, including feasibility study support and promoting global partnership around the concept in Africa, as well as debt/equity financing.
Meanwhile, JGC Corporation will conduct demand studies for SAF in African markets, perform technical feasibility assessments, evaluate deployment opportunities tailored to local resources and infrastructure, and harness and facilitate Japanese technology adoption to Africa in this regard.
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