Picture of Rubis SCA logo

RUI Rubis SCA News Story

0.000.00%
fr flag iconLast trade - 00:00
EnergyBalancedLarge CapSuper Stock

Kenya Airways, Rubis Energy sign agreement for sustainable aviation fuel refinery

NAIROBI, May 12 (Reuters) - Kenya Airways KQNA.NR and Rubis Energy Kenya, a unit of France's Rubis RUBF.PA, have signed on Tuesday a memorandum of understanding to develop what they said was Africa's first dedicated sustainable aviation fuel refinery.

The refinery is expected to have a production capacity of 32,000 metric tons, with a project investment estimated at 60 to 70 million euros ($70.5 million to $82.2 million), the two companies said in a joint statement.

The agreement was signed in the presence Kenya's President William Ruto and Emmanuel Macron of France, the companies said.

($1 = 0.8514 euros)

 (Reporting by George Obulutsa, Duncan Miriri and Vincent Mumo Nzilani, Editing by Louise Heavens)

 ((george.obulutsa@thomsonreuters.com; Reuters Messaging: george.obulutsa.thomsonreuters.com@reuters.net))

Recent news on Rubis SCA

See all news