{"id":615823,"date":"2024-02-25T00:00:00","date_gmt":"2024-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/echem-anrpc-mulling-usd-380-mn-sustainable-jet-fuel-project-with-unnamed-private-sector-company\/"},"modified":"2024-02-25T00:00:00","modified_gmt":"2024-02-25T00:00:00","slug":"echem-anrpc-mulling-usd-380-mn-sustainable-jet-fuel-project-with-unnamed-private-sector-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/25\/echem-anrpc-mulling-usd-380-mn-sustainable-jet-fuel-project-with-unnamed-private-sector-company\/","title":{"rendered":"ECHEM, ANRPC mulling USD 380 mn sustainable jet fuel project with unnamed private sector company"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PPP project for SAF production is under study: <\/strong>State-owned firms EgyptianPetrochemicals Holding Company (ECHEM) and Alexandria National Refining and Petrochemicals Company (ANRPC) are considering teaming up with an undisclosed local private-sector player to establish a USD 380 mn sustainable aviation fuel (SAF) project with an estimated production capacity of 120k tons a year, writes <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/42jryk6s\" style=\"\" rel=\"noopener\">Asharq Business<\/a>, citing an anonymous government source.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> A financial study for the project will wrap up in April, with work on the projectscheduled to start at the end of 2026, according to the source. Some USD 280 mn will be funded by external lenders.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who will own what? <\/strong>ECHEM will be the majority shareholder with a 70% stake, while ANRPCand the private sector company will each own 15%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Climate-friendly fuel: <\/strong>SAF is a biofuel used to power aircraft that is made from non-petroleum feedstock such as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/22e81fef-6d69-4cf8-9e3e-1ab2681067ac\" style=\"\" rel=\"noopener\">waste cooking oil<\/a>, animal fats, and non-food crops. It can reduce carbon emissions by <a target=\"_blank\" href=\"https:\/\/www.iata.org\/en\/programs\/environment\/sustainable-aviation-fuels\/\" style=\"\" rel=\"noopener\">up to 80%<\/a> compared to traditional jet fuel. Aviation was responsible for 2% of energy-related carbon emissions in 2022, the International Energy Agency\u2019s <a target=\"_blank\" href=\"https:\/\/www.iea.org\/energy-system\/transport\/aviation#tracking\" style=\"\" rel=\"noopener\">most recent figures<\/a> show.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Work on the project will kick off in late 2026<\/p>\n","protected":false},"author":1,"featured_media":615824,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[8395,528,1890,72,1130,125,8406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-615823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-anrpc","tag-aviation","tag-echem","tag-enterpriseam","tag-green-energy","tag-investment-watch","tag-saf","wpautop","entry"],"acf":{"mongo_id":"0dfa93e5-11ed-4622-9127-3886dd872162","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2261.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ECHEM, ANRPC mulling USD 380 mn sustainable aviation fuel project with unnamed private sector company","related_issue":[615808],"teaser":"Work on the project will kick off in late 2026","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.ce21345d-6ec3-413b-a6df-00184e39ad26.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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We\u2019re heading into the weekend on a somber note this afternoon:IN MEMORIAM-Please join all of us here at Enterprise in extending condolences to our good friend Dasha Badrawi and his family. Dasha\u2019s father Alaa passed away in London this week after a long illness. A\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/405.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":617003,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/14\/our-first-green-aviation-fuel-project-is-in-the-works\/","url_meta":{"origin":615823,"position":1},"title":"Our first green aviation fuel project is in the works","author":"enterpriseam admin","date":"14 March 2024","format":false,"excerpt":"SAF is a biofuel used to power aircraft that is made from non-petroleum feedstock","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1268.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625191,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/anrpc-launches-trial-operations-at-usd-219-mn-fuel-production-unit\/","url_meta":{"origin":615823,"position":2},"title":"ANRPC launches trial operations at USD 219 mn fuel production unit","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"The Alexandria National Refining and Petrochemicals Company (ANRPC) has launched trial operations at its new USD 219 mn octane production unit, according to an Oil Ministry statement (pdf). The project will produce an annual 700k tonnes of 92-95 octane fuel, bringing the country\u2019s total output to 1.5 mn tonnes a\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":654864,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/oil-ministry-gets-the-ball-rolling-on-usd-530-mn-sustainable-aviation-fuel-project\/","url_meta":{"origin":615823,"position":3},"title":"Oil Ministry gets the ball rolling on USD 530 mn sustainable aviation fuel project","author":"enterpriseam admin","date":"10 November 2024","format":false,"excerpt":"The project aims to produce 120k tons of sustainable aviation fuel and reduce carbon emissions by 400k tons a year","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/764.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623222,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/23\/ethydco-sidpec-and-echem-acquire-100-stake-of-cci-for-usd-15-mn\/","url_meta":{"origin":615823,"position":4},"title":"Ethydco, SIDPEC and ECHEM acquire 100% stake of CCI for USD 15 mn","author":"enterpriseam admin","date":"23 October 2018","format":false,"excerpt":"M&A WATCH- Three state-owned companies close USD 15 mn buyout of CCI: State-owned companies Egyptian Ethylene and Derivatives Company (Ethydco), Sidi Kerir Petrochemicals Company (SIDPEC) and the Egyptian Petrochemical Holding Company (ECHEM) have closed a USD 15 mn acquisition of Solvay Alexandria Sodium Carbonate (CCI), government sources told local media.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625760,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/anrpc-to-begin-doubling-92-95-octane-production-next-month\/","url_meta":{"origin":615823,"position":5},"title":"ANRPC to begin doubling 92-95 octane production next month","author":"enterpriseam admin","date":"14 August 2018","format":false,"excerpt":"The Alexandria National Refining and Petrochemicals Company (ANRPC) will begin next month producing 850k tonnes of 92-95 octane petrol, doubling its annual capacity, Oil Minister Tarek El Molla said yesterday, Al Mal reports. 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