Todays Latest Updates: 04 May 2026

Biojet/SAF: Egypt. QNB Egypt has joined as a lender to finance a major sustainable aviation fuel (SAF) facility in Egypt, led by Green Sky Capital. The plant is expected to produce up to 200,000 tons of biofuel annually and cut carbon emissions by about 500,000 tons per year, with operations set to begin by late 2027. The project could boost global SAF supply by more than 10%, according to IATA estimates. Link 04/05/2026.

Biojet/SAF: India. GPS Renewables has secured an engineering, procurement, and construction (EPC) contract from NTPC to build India’s first ethanol-to-jet sustainable aviation fuel (SAF) plant in Andhra Pradesh. Located at NTPC Green Energy’s hydrogen hub in Pudimadaka, the facility will produce about 1,800 tons of SAF annually using ethanol derived from captured CO₂. The project will use technologies from Lummus Technology and Xytel India. Link 04/05/2026.

Biojet/SAF: Spain. Spain’s Repsol is preparing to raise SAF output by 15–20% in response to mounting supply disruptions caused by the Iran war, which has unsettled global energy markets and tightened aviation fuel availability. The company confirmed the plan as it posted a 57% rise in first‑quarter adjusted net profit to €873 million, supported by surging refining margins even as earnings fell slightly short of forecasts. The company has allocated €1.2 billion to build crude inventories and will increase jet fuel production across its five Spanish refineries, aiming to reinforce supply resilience and capture stronger margins. Link 04/05/2026.