Qatari $239M for Morocco sustainable aviation fuel
Qatar's Green Sky Capital has approved an investment of $239 million to establish a sustainable aviation fuel plant at the port of Nador in Morocco. The goal is to support the country's shift toward renewable energies and to reduce emissions from air transportation. The plant, which plans to produce 200,000 tons annually using French technology, will convert used cooking oils and fats into sustainable aviation fuel, with the possibility of importing raw materials when necessary. European financing, consisting of a loan of up to $105 million, is expected to support the project, which aims to promote a circular economy, create jobs, and reduce environmental impact. Final approval is anticipated on November 18.
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