According to the Bank’s website, the aviation sector is a high greenhouse gas (GHG) emitter and will require significant effort to align with the goals of the Paris Agreement. Efficiency, fuel switching, new technologies and carbon removals are the key levers for GHG reductions. Global low-carbon pathways for aviation sector suggest that to 2050 over half of cumulative emissions reductions will come from Sustainable Aviation Fuels (SAF), with a significant contribution on an annual basis from 2030 onwards. In the EU, SAFs are a key lever for aviation decarbonisation, and substantial fuel blending requirements are anticipated to be introduced as part of the proposed Fit for 55 package of measures.
At the international level, the International Civil Aviation Organisation (ICAO) has recently (October 2022) adopted a long-term aspirational goal (LTAG) of net-zero emissions by 2050. Whilst the net-zero emissions aspirational goal indicates differentiated responsibilities of member states, the trajectory is clear for all parties and aligning with the goal will require significant scale-up in SAFs.
The Egyptian Petrochemicals Holding Company (ECHEM) on behalf of the project company, aims to establish a plant to produce SAF in Egypt. The project objective is to produce 120 ktpa of SAF by utilizing the locally available used cooking oil (UCO) as the main feedstock.
The main objective of this assignment is to analyse the feasibility of the production of SAF in Egypt and prepare the initial stages of the project.
Investment type not available at the time of the snapshot.
No contact information provided at the time of disclosure.
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