Green Sky Capital finances Egypt sustainable fuel facility
Updated
Updated · Bloomberg · May 4
Green Sky Capital finances Egypt sustainable fuel facility
12 articles · Updated · Bloomberg · May 4
The plant in the Suez Canal Economic Zone is designed to produce up to 200,000 tons a year of sustainable aviation fuel and other biofuels.
Its planned output also includes hydro-treated vegetable oil, bio propane and bio naphtha, according to a company statement issued on Monday.
The financing adds Green Sky Capital to regional backers of the project as airlines seek to diversify energy supplies and expand lower-carbon fuel options.
With fierce competition for waste feedstocks, how can this project ensure a sustainable and affordable supply chain for its biofuels?
Can one biofuel facility truly impact aviation's massive carbon footprint, or is it merely a symbolic gesture for investors?
How will Egypt's new role as a green fuel hub affect energy politics and trade routes in the Middle East?