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Egypt's prime minister witnessed the signing of a contract to build a new industrial complex that will rely primarily on recycling used cooking oil and refining it to produce sustainable aviation fuel (SAF). The project is being developed by Qatar's Al-Mana Group in the Suez Canal Economic Zone with investments of $200 million.
The economic value of used oils in the project
The project, which will be built on a 100,000-square-metre site in Ain Sokhna, is based on advanced technology for converting oils extracted from cooking waste into clean energy. The company aims to produce 200,000 tonnes a year of fuel derived from these oils, including:
Marketing the fuel produced from these oils
To secure an outlet for the refined products made from these oils, the Qatari company signed a long-term agreement with global energy giant Shell to purchase the entire output, with the recycled fuel expected to begin flowing by the end of 2027.
The project marks the first Qatari industrial investment in the economic zone, reflecting a broader push to maximise the value derived from waste oils in producing high-value green energy.
Source: Al Mal Forum