QNB Egypt finances SAF facility in push for aviation decarbonization
In the United Arab Emirates, Zawya reported that QNB Egypt has participated as a lender in financing a sustainable aviation fuel production facility in Egypt.
The project is expected to produce up to 200,000 tons of biofuel yearly, reducing up to 500,000 tons of carbon dioxide equivalent annually. The commercial operations are expected to kick off by the end of 2027, according to the report.
Based on International Air Transport Association (IATA) numbers, Green Sky Capital’s new plant will add over 10% to global SAF production alone, it added.
Category: SAF
