Shell Linked to 200,000-Ton Egypt Biofuels Facility with $200M Backing
Green Sky Capital secured funding for a 200,000-ton-per-year Egypt biofuels plant in the Suez Canal Economic Zone, backed by Al Mana Holding, Saudi Vision Invest and a $200 million Qatari investment. Shell signed an offtake agreement five months ago, targeting commercial operations by end-2027.
1. Project Financing and Partners
Green Sky Capital has arranged financing for a sustainable fuel facility in Egypt’s Suez Canal Economic Zone with backing from Qatari Al Mana Holding, Saudi Vision Invest and a $200 million Qatari investment. Shell agreed to offtake volumes under a deal signed five months ago, joining major regional sponsors across energy and infrastructure.
2. Production Capacity and Timeline
The project is designed to produce up to 200,000 tons of biofuels annually, including sustainable aviation fuel, hydro-treated vegetable oil, bio-propane and bio-naphtha. Construction is underway with commercial operations expected to commence by the end of 2027.
3. Strategic Implications for Shell
The facility advances Shell’s low-carbon fuel strategy by securing access to significant SAF volumes in a region poised for energy transition. It diversifies the company’s feedstock sources and strengthens its position in renewable fuel supply ahead of tightening aviation emissions regulations.