ENERGY-

#1- Adnoc Distribution plans to expand its aviation fuel services in Egypt beyond its existing presence at Cairo and Marsa Allam airports, company’s CEO Bader Al Lamki told EnterpriseAM at the Egypt Energy Show. The company is looking to expand into the Alamein Airport, he added, explaining that it is looking to invest up to USD 300 mn to expand its presence in Egypt, KSA, and the UAE this year.

Also in the pipeline: The company is looking to enter Egypt’s EV charging market and is currently working to secure the necessary licenses, he said. It is also planning to open its first integrated service station in New Cairo, set to be the largest in the country, and is looking into setting up new fuel station locations in the new capital and the North Coast.

ICYMI: Adnoc Distribution entered the Egyptian market two years ago after acquiring a 50% stake in TotalEnergies Egypt. The company currently operates 240 retail fuel sites across the nation.

#2- Joint Egyptian-Greek carbon capture projects incoming? The Oil Ministry signed an MoU with Greece’s Environment and Energy Ministry to collaborate on carbon capture, storage, and utilization — known in the business as CCUS — according to a statement. The pair will work on proposals for a carbon capture and storage regulatory framework with support from Greece’s industry knowledge and develop models for its possible application within the economy. Egypt also hopes to begin exporting carbon dioxide to European markets for industrial use.

Carbon capture? CCUS traps CO2 that is released by factories and power plants, preventing it from reaching the atmosphere. The captured CO2 can either be used in the production of fuels, chemicals, concrete, and other materials — or it can be stored deep in the earth. Carbon capture makes it possible to make polluting industries a little less polluting and opens up potential additional revenue streams, but it’s a new technology that is still expensive. It’s yet to really be a thing in Egypt, but interest is growing.

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