Green Sky Capital signed financing on Monday for a sustainable fuel facility in Egypt's Suez Canal Economic Zone. [1]
The planned plant is expected to produce up to 200,000 tons a year of biofuels, including sustainable aviation fuel, hydro-treated vegetable oil, bio propane and bio naphtha. [1]
Other regional players have also backed the project, which is aimed at diversifying airline energy supplies. [1]
The financing agreement is the latest step in the project and moves it into the next phase of development in the economic zone. [1]