GlobeNewsWire
24 Jun 2026, 15:47 UTC · 2h ago
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Allied Biofuels is developing Central Asia’s first large-scale, integrated bio-aviation fuel complex with a total investment of approximately US$6.1 billion. — The massive scale of investment and the 'first-of-its-kind' nature in the region signal a significant capital deployment and a shift in regional energy infrastructure.
+0.60Allied Biofuels signed a FEED + Detailed Engineering Contract with Sinopec Engineering Group Co., Ltd., with a rollover option to EPC. — Moving from development to the engineering phase with a major global player like Sinopec increases the probability of project completion and execution.
+0.40The project is designed to produce sustainable aviation fuel (SAF) and e-SAF for both domestic and international markets. — Increases the global supply of high-demand green fuels, potentially affecting long-term pricing and adoption rates for sustainable aviation.
+0.30Which stocks this story touches
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Sinopec Engineering Group secured a significant FEED and Detailed Engineering contract for a $6.1 billion project.
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Reuters
2h ago
