Green Sky Capital signs financing for a SAF facility in Egypt
In the United Arab Emirates, Green Sky Capital has signed the financing for a SAF production facility in Ain Sokhna, located within the Suez Canal Economic Zone (SCZone), Egypt.
The project is being developed with the support of leading regional sponsors, including Al Mana Holding, a Qatari diversified conglomerate, and Vision Invest, a Saudi Arabian infrastructure investor and developer.
The Arab Energy Fund, a multilateral impact financial institution, acting as the Global Structuring Bank and Co-Mandated Lead Arranger, played a central role in the transaction and supported the financing as the largest lender to the project.
The facility will be constructed on a 100,000-square-metre site in Ain Sokhna and is expected to produce up to 200,000 tons per annum of biofuels, including SAF, Hydrotreated Vegetable Oil (“HVO”), biopropane and bionaphtha. Commercial operations are targeted by the end of 2027.
The project benefits from a long-term offtake agreement with Shell. Green Sky Capital has also entered into a technology agreement with Axens and an EPC contract with SeaOwl.
Category: SAF
