Averd and WasteFuel have formed a partnership to build the first commercial scale municipal waste-to-renewable methanol plant in the UAE.

The partnership was announced at the Sustainable Markets Initiative (SMI) event organised as part of COP27 in Sharm el-Sheikh, Egypt.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Although the site of the plant is still being explored, it is anticipated to be built at Jebel Ali in the UAE .

The plant will generate renewable methanol from unrecyclable waste currently being collected and disposed by Averda.

This renewable methanol can be used by shipping companies, thereby helping them to reduce up to 90% of CO2 emissions and other greenhouse gases as against conventional fuels.

The world generates about 2.01 billion tonnes of municipal solid waste annually and this figure is anticipated to touch 3.40 billion tonnes by 2050.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Averda chief executive officer Malek Sukkar said: “This partnership will help to address climate change by diverting waste from landfill to produce renewable fuels. Averda is proud to partner with WasteFuel, another member of SMI, to bring this innovative and sustainable solution to the region, and to continue our journey towards a world without waste.”

WasteFuel co-founder, chairman and CEO Trevor Neilson said: “Addressing the climate emergency requires an exponential increase in renewable fuel supply. The Middle East, specifically Jebel Ali, is considered a gateway between the Western Hemisphere and the Far East. As WasteFuel works to produce green methanol to decarbonize shipping at scale, the opportunity to develop a biorefinery in partnership with Averda in the Middle East was an exciting and logical next step.”
———————————————————————————————————————
Image: The renewable methanol produced by the plant can be used by shipping companies. Credit: Valentin Schönpos from Pixabay.