AVIATION-

Qatar Airways and Shell have inked an agreement for the supply of 3k metric tons of neat Sustainable Aviation Fuel (SAF) at Amsterdam Schiphol Airport, according to a press release. Qatar Airways will use at least a 5% SAF blend during FY 2023-2024. The agreement comes as part of the oneworld alliance initiative to use SAF for 10% of combined fuel by 2030, according to the release.

SOUND SMART- While SAF is 3-5x more expensive than fossil-based jet fuel, it offers significant potential for decarbonization as it can reduce full lifecycle emissions by up to 80% in comparison to conventional jet fuel, according to the statement. This means that the Qatari airline will be reducing its emissions on flights from Amsterdam by some 7.5k tons of CO2 for the fiscal year.

TRANSPORT-

ITC + Adnoc Distribution to work together on sustainable transport: Abu Dhabi’s Integrated Transport Center (ITC) inked an MoU with fuel retailer Adnoc Distribution to ensure the sustainability of Abu Dhabi’s surface transport sector, focusing on low-emission and zero-emission vehicles, clean fuels like hydrogen and liquefied natural gas, electric vehicles, and more, according to an ITC statement.

ZONES-

AD Ports works to lure talent to its industrial + logistics clusters:AD Ports Group and AbuDhabi Residents Office (ADRO) have inked an agreement to develop a strategy to generate awareness of incentives on offer to foreign talents and investors across AD Ports’ clusters and freezones, according to a press release. The two will work together to raise awareness among stakeholders and employees of the benefits that come with the emirate’s golden visa residency program, which is available to foreign workers and entrepreneurs wishing to relocate to Abu Dhabi and are renewable every 10 years.

M&A WATCH-

LSFO providerUniper Energy is now Fort Energy Refining Middle East: UniperEnergy, Uniper’s UAE-based crude oil processing and marine fuel trading business, has been acquired by global commodity and Investment company Monfort and the private office of Sheikh Ahmed Dalmook Al Maktoum, according to a press release. The company will be named Fort Energy Refining Middle East, and will be a wholly owned subsidiary of Montfort.

About Uniper: The company operates a crude processing facility in the Port of Fujairah — the world’s third largest bunker fuel market — which produces 65k bbl, and sells over 30 mn barrels of low-sulfur fuel oil to the shipping industry each year, according to the statement.

OTHER STORIES WORTH NOTING-

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