Mercantile & Maritime Group to launch $600mln biofuels plant in the UAE

In the United Arab Emirates, Zawya reported that Mercantile & Maritime Group, a global provider of energy and logistics, specializing in the physical trading of oil and gas has announced the expansion of its fully owned and operated facility, MENA Terminals in Fujairah, to launch a pioneering biofuel processing plant valued at $600 million.

The biofuel facility at MENA Terminals will be expanded by over 1 million sq ft and is set for completion by 2026. Once operational, it will produce up to 150 million liters of sustainable aviation fuel annually, representing nearly 10% of current global SAF production.

Murtaza Lakhani, CEO of Mercantile & Maritime, said: “By producing SAF locally, we are reducing the nation’s reliance on imports, thereby lessening carbon emissions and minimizing environmental impact across the entire supply chain, including traditional shipping methods. Alternatively, we will utilize the local rail network to transport SAF across the UAE, with future plans for regional distribution.”

“The SAF processing plant will integrate advanced artificial intelligence to optimise refinery operations and maintenance. Additionally, the facility will adhere to global standards set by IATA, CORSIA, and RED III, supporting the highest levels of environmental compliance,” added Lakhani.

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