EU selects Kenya for Ksh23 trillion fuel pilot project
Kenya among three African countries selected by the EU (European Union) for the Ksh23 trillion Sustainable Aviation Fuel project
Kenya among three African countries selected by the EU (European Union) for the Ksh23 trillion Sustainable Aviation Fuel project.
Kenya is among the three African countries selected to pilot the production of Sustainable Aviation Fuel (SAF) in a project backed by the European Union (EU).
According to Reuters, Kenya would benefit from the Ksh23 trillion infrastructure budget by the EU, which is viewed as a challenger to China’s Belt and Road Initiative in Africa together with South Africa and Ethiopia.
EU’s Global Gateway Infrastructure Fund is investing in SAF ahead of an anticipated boom in demand for environmentally sustainable air travel.
The International Air Transport Association predicts a 450 billion liter annual demand for SAF in 2050.
This will put Kenya in pole position in the global production of clean jet fuel earning the country billions in revenue.
“The fund has already backed renewable plants, green hydrogen initiatives, vaccines, and education projects in Africa, and the official said it was now looking into sustainable aviation fuel (SAF),” Reuters explained how Kenya will benefit from kitty.
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SAF market will be readily available as the EU is already pushing for emissions reduction targets that will require airlines to use more SAF.
The EU chose Africa and Kenya in particular because of their large tracts of underutilized agricultural land.
Multi-national companies from Europe and Italy have already started making headways in Africa for biofuel investments.
While the project will initially assist the three countries, the EU hopes to eventually establish SAF manufacturing facilities in 11 African nations and India.
SAFs are low-carbon fuel substitutes for the aviation sector that can be produced using a variety of crops as feedstock.
“In the context of the Global Gateway, the Commission is currently looking into possible co-financing mechanisms and guarantee instruments. SAF production in the African continent has great potential,” a statement from European Commission spokesperson, Stefan De Keersmaecker, read in part.
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