[05/09/2024 12:12]

KUWAIT-SABA
The Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), Jamal al-Loughani said "Arab countries have valuable opportunities to be among the leading countries in the production and export of sustainable and low-carbon aviation fuel."

He added in a statement to Kuwait News Agency (KUNA) on the occasion of the organization's release of a new study entitled (Sustainable and Low-Carbon Aviation Fuel) that "Arab countries have infrastructure and financing resources for renewable energy projects and a diversified list suitable for the production of sustainable fuels."

"Although most Arab countries have large oil and gas reserves, many of these countries are leading the way to diversify their energy mix and reduce carbon emissions", al-Loughani said.

He pointed out that oil refineries in the OAPEC member countries can play an important role in the production of low-carbon aviation fuel, benefiting from the services available at the refinery, such as warehouses, pipelines and others, in order to reduce investment costs for the production of sustainable and low-carbon fuels.

He noted that the main obstacle to the production of sustainable aviation fuel is the cost, as the price ranges from about two to eight times the price of conventional aviation fuel, and that stimulating the production of sustainable aviation fuel requires great political motivation to bridge the price gap between conventional aviation fuel and sustainable fuel.

al-Loughani affirmed that the Arab countries have a promising opportunity to produce electric fuel and export it to global markets at competitive prices due to its ability to produce electricity from renewable sources at low costs.

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