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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

alfanar invests $1.3bn in UK

Staff members refuel an Airbus A350-900, the first Air France jet long-haul aircraft fuelled with sustainable aviation fuel (SAF). (AFP file)
By TRENDS Desk
March 22, 2022 11:08 pm
  • The Lighthouse Green Fuel project generates more than 180 million liters of sustainable aviation fuel annually in the UK
  • This amount of sustainable aviation fuel is sufficient to power 15,000 flights per year, reducing harmful carbon emissions from conventional fuels by over 700,000 tons annually

The Riyadh-based company alfanar has invested $1.3 billion in a UK project that produces sustainable aviation fuel from waste.

The Lighthouse Green Fuel project generates more than 180 million liters of sustainable aviation fuel annually in the UK, the firm said in a statement.

This amount of sustainable aviation fuel is sufficient to power 15,000 flights per year, reducing harmful carbon emissions from conventional fuels by over 700,000 tons annually.

The project is part of alfanar’s ongoing Green Energy Development program in different parts of the world, including Spain, India, Egypt and Saudi Arabia.

 

 

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