Mercantile & Maritime Group, a global provider of energy and logistics, specialising in the physical trading of oil and gas, as well as a proven advisory service provider, has announced the expansion of its fully owned and operated facility, MENA Terminals in Fujairah, to launch a pioneering biofuel processing plant valued at AED 2.2bn (US$ 599 bn).
This expansion highlights the group’s commitment to advancing sustainable energy solutions and supports the UAE’s goal of leading the way toward a greener future.
The biofuel facility at MENA Terminals will be expanded by over 1mn sqft and is set for completion by 2026. Once operational, it will produce up to 150mn litres of sustainable aviation fuel (SAF) annually, representing nearly 10% of current global SAF production.
This marks a significant milestone for sustainable energy in the Middle East and aligns with the UAE’s goals of reducing carbon emissions and its ambition to become a global hub for low-carbon aviation fuel.
“Fujairah’s strategic location and forward-thinking leadership make it an ideal home for our biofuel facility at MENA Terminals, the largest of its kind in the Middle East, and our investment in this facility reflects our commitment to environmental responsibility. In line with the ‘UAE Net Zero 2050’ initiative, we are proud to contribute to a sustainable future for the UAE, and the wider region,” affirmed Murtaza Lakhani, CEO, Mercantile & Maritime.
