The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company, managed by Ninety One, has announced its first transaction in Asia with a $20 million debt investment in a first-of-its-kind sustainable aviation fuel (SAF) facility in Pakistan.
The pioneering project, developed by Safco Ventures, will have a feedstock-processing capacity of 200,000 tonnes and will deliver 145,000 tonnes of SAF per annum (and 18,000 tonnes of bio-naphtha), supporting the global pursuit of net zero by reducing carbon emissions in the aviation industry. The facility will convert locally sourced feedstock, such as used cooking oil, into clean fuel, while supporting income increases for Pakistan’s small businesses, hotels and restaurants that provide the feedstock.
The total debt financing of $86.2 million consists of a $41.2 million senior secured loan from the Asian Development Bank (ADB), $40 million of syndicated senior secured B-lo
