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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

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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