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Omani-Scottish start-up X2E is lining up projects worth $1.6 billion across the alternative fuel value chain, including biodiesel and Sustainable Aviation Fuel (SAF).  The business will be vertically integrated with separate entities managing feedstock cultivation, recycled water production for irrigation, seed extraction, and refineries producing biodiesel and SAF. X2E is taking a 60 percent stake in Omani biodiesel manufacturer Wakud to fund the latter’s capacity expansion, making it integral to Oman's energy diversification plans. 

Oman’s X2E plans to invest $1.6bln across alternative fuel value chain

Omani-Scottish start-up X2E is lining up projects worth $1.6 billion across the alternative fuel value chain, including biodiesel and Sustainable Aviation Fuel (SAF).  The business will be vertically integrated with separate entities managing feedstock cultivation, recycled water production for irrigation, seed extraction, and refineries producing biodiesel and SAF. X2E is taking a 60 percent stake in Omani biodiesel manufacturer Wakud to fund the latter’s capacity expansion, making it integral to Oman’s energy diversification plans. 

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