CAIRO - 15 December 2025: A $500-million investment for a Sustainable Aviation Fuel (SAF) plant was finalized Sunday as Prime Minister Mostafa Madbouly met with Abdulaziz Al-Mana, CEO of Qatari Al Mana Holding and Chairman of Green Sky Capital.
The project, located in the Sokhna area of the Suez Canal Economic Zone (SCZONE), is the first large-scale SAF factory in Egypt, Africa, and the Middle East. The area is planned to be a regional export hub for SAF, with an estimated export value of $15 billion over ten years.
The plant’s jet fuel is derived from refining used cooking oils (UCO), where Al-Mana said that Phase One, with a $200 million investment, will have an initial capacity of 200,000 tonnes annually. Production capacity is expected to be 600,000 tonnes annually upon completion of all three phases.
A long-term supply contract is already secured with Shell for the entire output. The first export shipment is expected within 18 months, with deliveries to Shell starting by late 2027.
Up to 2,000 direct jobs and over 8,000 indirect jobs are expected to be created.
SCZONE Chairman Waleid Gamal El-Din, who attended the meeting, affirmed the government’s commitment to supporting foreign investment, noting that the project will produce Sustainable Aviation Fuel (HVO), BioPropane, and BioNaphtha.
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