Arab Finance: The US-based conglomerate corporation Honeywell is currently conducting a feasibility study to execute a sustainable aviation fuel (SAF) production project in Egypt, in partnership with the European Bank for Reconstruction and Development (EBRD), as per a statement.
The feasibility study is set to be finalized within the coming few months.
On March 25th, Minister of Petroleum and Mineral Resources Tarek El-Molla met with a delegation from Honeywell to discuss potential cooperation in green fuel and carbon emission reduction projects.
Moreover, the company’s delegation stated that Egypt has the potential to be the first Middle Eastern and African (MEA) country to produce SAF.
Both sides have also probed the possibility of collaboration in training staff members in the Egyptian petroleum sector.