MOROCCO: Green Sky Capital to Develop $454mn Sustainable Aviation Fuel Project

NADOR, Morocco

• Green Sky Capital, based in Doha, plans a sustainable aviation fuel project in Morocco after a similar plant in Egypt.
• Total investment reaches MAD 4.45 billion Moroccan dirhams (USD 454 million) across two phases.
• Phase one targets 200,000 tonnes annual output at the Nador West Med industrial zone on an 88,000 square metre site.
• Phase two will double capacity to 400,000 tonnes per year.
• The European Bank for Reconstruction and Development may provide up to USD 105 million for phase one, whose total cost is USD 239 million.
• The plant will use HEFA technology licensed from Axens to process used cooking oils, fats and greases.
• By-products include renewable diesel, bio-naphtha and bio-propane.
• The project will create 1,000 direct jobs and 3,000 indirect jobs.
• Backers include Al Mana Holding of Qatar and Vision Invest of Saudi Arabia.

Sources:

• AsharqBusiness