IFLR, as part of its Behind the Deal series, recently featured an interview with White & Case London partner Kamran Ahmad and local partner Ryan Gawrych in an in-depth discussion of the financing and execution of a landmark sustainable aviation fuel (SAF) project in Egypt, which the Firm advised on.
Discussing what sets the deal apart in the market, Kamran said: "The novel aspect is the idea that we are building a platform - that this is not just a one-off project, but something that can be replicated in the SAF space across many jurisdictions."
Described as the first facility of its kind in Africa and the Middle East, the interview explores how the team structured a bankable long-term offtake arrangement and a scalable SAF development platform spanning England, Egypt and Qatar, building on the work highlighted in the Firm’s press release on the transaction.
Ryan added: "What makes the Egypt project compelling is its location on the Suez Canal, which allows it to capture used cooking oil flows from Asia to Europe and process that feedstock into aviation fuel en route. That gives offtakers flexibility to supply Europe or other regional markets."
Drawing parallels with the early days of offshore wind, Kamran and Ryan went on to explain how the team developed a robust offtake structure, addressed regulatory and bankability challenges which will help to shape a model intended to support the rapid scaling of SAF projects globally across multiple jurisdictions.
Read the full IFLR article here (paywalled).
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