Khazaen in pact for Oman’s first sustainable waste cooking oils-to-biofuels unit – Times of Oman

Khazaen in pact for Oman’s first sustainable waste cooking oils-to-biofuels unit – Times of Oman

A lease agreement was signed between Khazaen represented by its CEO Khalid Al Balushi and Wakud represented by its Chairman Talal Hasan. Photo: Supplied

Muscat: Khazaen Economic City continues to attract investments as Oman is fast emerging as a promising market in the region.

One of the latest innovative projects to select Khazaen as the preferred location is Wakud which will set up a facility for recycling waste cooking oil into biofuels.

A lease agreement was signed between Khazaen represented by its CEO Khalid Al Balushi and Wakud represented by its Chairman Talal Hasan.

This innovative and environmentally sustainable project is supported by the Implementation Support and Follow-up Unit (ISFU) as well as 'EJAAD' as an initiative founded by Ministry of Oil and Gas, The Research Council and Petroleum Development Oman to promote technology-based solutions to address fundamental challenges and emerging opportunities in the industry.

The project will be implemented as a joint venture in partnership with Green Fuels, a UK based biofuels company.

Green Fuels is a pioneer in renewable fuels founded in 2003 and has supplied biofuel equipment with aggregate capacity equating to $500bn in fuel sales to customers in more than 80 countries.

Commenting on the signing of this agreement, Khalid Al Balushi, said: