{"id":70877,"date":"2023-05-18T00:00:00","date_gmt":"2023-05-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/18\/masdar-airbus-to-work-on-sustainable-aviation-fuel-development-egypt-to-provide-incentives-to-investors-transport-players-plus-eisas-is-now-asyads-shipping-agent-in-egypt\/"},"modified":"2023-05-18T00:00:00","modified_gmt":"2023-05-18T00:00:00","slug":"masdar-airbus-to-work-on-sustainable-aviation-fuel-development-egypt-to-provide-incentives-to-investors-transport-players-plus-eisas-is-now-asyads-shipping-agent-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/05\/18\/masdar-airbus-to-work-on-sustainable-aviation-fuel-development-egypt-to-provide-incentives-to-investors-transport-players-plus-eisas-is-now-asyads-shipping-agent-in-egypt\/","title":{"rendered":"Masdar, Airbus to work on sustainable aviation fuel development + Egypt to provide incentives to investors, transport players. PLUS: EISAS is now Asyad\u2019s shipping agent in Egypt"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AVIATION- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Masdar + Airbus team up on SAF production: <\/span><span style=\"\">UAE renewables company Masdar <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/twitter.com\/Masdar\/status\/1658407792296820737\" style=\"\">signed<\/a><\/span><span>an agreement with French aircraft manufacturer Airbus to jointly develop sustainable aviation fuels, green hydrogen, and direct air capture technologies, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/business\/energy\/masdar-signs-sustainable-aviation-fuel-development-agreement-with-airbus-mz9vucrp\" style=\"\">statement<\/a><\/span><span>. The agreement also sees the companies jointly launching a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rsb.org\/book-claim\/#:~:text=In%20aviation%2C%20book%20and%20claim,attributes%20to%20their%20corporate%20partners.\" style=\"\">book and claims<\/a><\/span><span style=\"font-weight:400;\"> framework that would enable aircraft operators to source their SAF supplies without being geographically connected to a stockpile site.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details:<\/span><span> Both companies will partner on developing direct air capture tech with the aim of using the captured CO2 to fuse it with hydrogen and generate sustainable aviation fuels, the statement notes. Masdar is looking to capture as much of a share of the global SAF market, which is expected to grow at a CAGR rate of 42.39% to USD 14 bn by 2032, the company notes, citing market forecasts by <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.precedenceresearch.com\/press-release\/sustainable-aviation-fuel-market\" style=\"\">Precedence Research<\/a><\/span><span>.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ZONES-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Egypt to provide incentives + streamline processes for investors, transport <\/span><span style=\"font-weight:700\">players:<\/span><span style=\"\">Egypt\u2019s new Supreme Investment Council Council <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ad496746-ce1f-48b1-aee6-fc1b1a3c0ee9\" style=\"\">approved 22 decisions<\/a><\/span><span style=\"\"> at its first meeting<\/span><span style=\"\">, including plans to<\/span><span style=\"\"> ease restrictions, streamline approvals, simplify import procedures, and relieve financial and tax burdens, according to an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/pfbid0k4Exqzy6RjeXMiHUhbLbx1ndbGs1MJBvzmiY5QJDYWaThnoYPZyTvQrecuKYvH9cl\" style=\"\">Egyptian presidency statement<\/a><\/span><span style=\"\">. The decisions also include providing incentives like unifying costs and customs fees for shipping and transport companies, as well as considering logistics zones and dry ports as special economic zones to grant them investment perks, Egyptian Prime Minister Moustafa Madbouly said at a press conference yesterday (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.youtube.com\/watch?v=bw3G1hmCb-E\" style=\"\">watch, runtime: 54:57<\/a><\/span><span style=\"\">). Egyptian President Abdel Fattah El Sisi <\/span><span style=\"\">chaired the meeting, which was also attended by Prime Minister Moustafa Madbouly, Central Bank of Egypt Governor Hassan Abdalla, ministers, officials, and private sector representatives<\/span><span style=\"\">, according to an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/SCZONE.EG\/posts\/pfbid02QkHpiRG8ZpjeaLh4SwUKXLFZXn61mcJBpjR73kGjULLqjCRQYmmy9PcwrrxJEHjtl\" style=\"\">SCZone<\/a><\/span><span style=\"\"> statement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO WORTH KNOWING-<\/span><\/p>\n<ul>\n<li><span style=\"\">Egyptian shipping firm <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"http:\/\/www.eisgroup.info\/\" style=\"\">the Egyptian International Shipping Agencies and Services<\/a><\/span><span style=\"\">is now the <\/span><span style=\"\">official <\/span><span style=\"font-weight:700\">agent<\/span><span style=\"\"> for Oman\u2019s<\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/asyad.om\/fr\/marine\/freight\" style=\"\">Asyad Shipping<\/a><\/span><span style=\"\">in Egypt<\/span><span style=\"\">. (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7064487332464214016\" style=\"\">Statement<\/a><\/span><span style=\"\">)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>AVIATION- Masdar + Airbus team up on SAF production: UAE renewables company Masdar signedan agreement with French aircraft manufacturer Airbus to jointly develop sustainable aviation fuels, green hydrogen, and direct air capture technologies, according to a statement. The agreement also sees the companies jointly launching a book and claims framework that would enable aircraft operators [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":70878,"comment_status":"","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":[63],"tags":[62,145,17,33],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-70877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-enterprise-logistics","tag-shipping","wpautop","entry"],"acf":{"mongo_id":"acf9593f-1153-4743-91da-14e78cc1b1ba","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/5\/1020.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Masdar, Airbus to work on sustainable aviation fuel development + Egypt to provide incentives to investors, transport players. PLUS: EISAS is now Asyad\u2019s shipping agent in Egypt","related_issue":[70864],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.37bb8c30-a9c1-41ad-926b-46abb8c9e1c2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Masdar, Airbus to work on sustainable aviation fuel development + Egypt to provide incentives to investors, transport players. 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