Summary:

On 6 November 2026, Shell signed an offtake agreement with Green Sky Manara, securing exclusive rights to purchase approximately 150,000 tons of renewable fuel annually from the company’s planned $239 million facility at Morocco’s Nador West Med port. 

The agreement covers sustainable aviation fuel (SAF) or renewable diesel, as well as bionaphtha and biopropane. The plant is expected to produce up to 200,000 tons annually from October 2028, meaning Shell could purchase up to 75% of its planned output. 

The deal provides Green Sky Manara with a major prospective buyer but does not involve direct investment from Shell. The European Bank for Reconstruction and Development (EBRD) is considering a loan of up to $135 million for the project, including an $85 million committed tranche. 

Outlook: 

The agreement gives the project greater commercial certainty and could help Green Sky Manara secure the financing needed to proceed. It also supports Morocco’s ambitions to develop a domestic SAF industry and enter a market facing growing demand from the aviation sector. 

However, the project remains dependent on securing full financing and a reliable supply of waste-based feedstock. Its impact on regional fuel supply will therefore remain limited until production begins. 

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