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Qatar’s Al Mana Holding to invest USD 15.6 mn in biodiesel plant

Qatar’s Al Mana Holding is investing USD 15.6 mn to build a facility that will convert used cooking oil into biodiesel.

The project involves upgrading and expanding existing storage facilities in the Alexandria port complex, one of Egypt’s primary logistical hubs.

This aligns with the company’s commitment to attracting local and foreign investments and providing necessary facilities to foster development.

The minister confirmed that a 1-liter bottle of mixed oil can now be purchased in the markets for LE 65.

Al Moselhi attributed this decline to the devaluation of the dollar against the pound in the unofficial market.

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