ECARU, Qalaa Holdings and Axes to Work on Second Generation Biofuel
ECARU, Qalaa Holdings and Axes will conduct technical and economic studies for the Second Generation Biofuel (Advanced Bioethanol) and Sustainable Aviation Fuel (SAF) Production Project.
As part of their strategy to provide practical solutions for cleaner energy, ECARU (Egyptian Solid Waste
Recycling Company), Qalaa Holdings and Axens signed a cooperation protocol on July 17, 2023 in the presence of Marc Barety, Ambassador of France to Egypt, to carry out technical and economic studies for the second generation biofuel (advanced bioethanol) and Sustainable Aviation Fuel (SAF) production project.
The project will be carried out in two phases, the first of which will be the production of advanced bioethanol and the second of sustainable aviation fuel (SAF). Work on the project will take about seven months, and the company aims to export the production of second-generation biofuels in line with Egypt's strategy to maximize the use of various types of waste, contribute to sustainability and waste recycling, and thus stimulate economic growth.
Dr. Ahmed Heikal, Chairman and Founder of Qalaa Holdings, said: “We are so proud to launch this cooperation with Axens for the production of second-generation biofuels from lignocellulosic biomass to promote global environmental sustainability, within the framework of our commitment to establishing high value-added export-oriented projects”. Heikal added, “Qalaa is significantly increasing its investments in Egypt through the companies in which it invests by implementing high-value-added export-oriented projects. The timing now is ripe for such projects.
Dr. Hesham Sherif, Chairman and Managing Director of ECARU, commented: “ECARU is looking forward to starting the financial and technical study of the project, and actual production within three years, over two phases. The first phase shall involve the production of advanced bioethanol, while the second phase shall concern the production of sustainable aviation fuel. Such production is export-orientated to meet the growing needs of the global market.”
Jean Sentenac, President and Chief Executive Officer of Axens, said: “We are thrilled to support Qalaa Holdings and ECARU in their effort toward reducing greenhouse gas emissions, thanks to what will be the first advanced bioethanol and SAF project in Egypt. I am proud that Futurol and Jetanol will be the technological key stone of this project.”
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