People
c. 500 short-term jobs during construction, and c. 50 long-term jobs during operations are expected to be created.
| Investee Company | Safco Ventures (SAFCO) |
| Sector | Power/Energy |
| Country | Pakistan |
| Total Project Cost | USD 141.9m |
| PIDG Commitment |
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| Dates of PIDG involvement |
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Aviation is a significant and hard-to-abate emissions source, and decarbonisation options at scale remain limited. SAF is among the most practical near- to medium-term solutions, but facilities require large capital commitments, long-tenor financing, proven technology, and bankable commercial structures.
Emerging markets such as Pakistan often lack sufficient long-term capital to deploy first-of-kind SAF facilities at scale—even where feedstock opportunities exist. Without credible financing structures, projects that could materially reduce emissions and create new industrial value chains struggle to reach investment readiness.
PIDG, through EAAIF, provided long-tenor senior debt alongside ADB and IFC to help unlock the financing stack and make the project investable. The facility uses advanced technology to convert locally sourced feedstocks (including used cooking oil) into renewable aviation fuels, building a domestic supply chain that can draw in smaller suppliers and aggregators.
This investment extends EAAIF’s climate mandate into industrial decarbonisation beyond the power sector, using blended/syndicated debt to mobilise capital for enabling climate infrastructure.
c. 500 short-term jobs during construction, and c. 50 long-term jobs during operations are expected to be created.
The project will support the decarbonisation of the aviation industry through the provision of SAF as a substitute for kerosene, resulting in significant avoided emissions estimated at c. 489,000 tCO2e per annum.
The feedstock is derived from waste products and 100% is collected via small businesses, hotels, and restaurants resulting in revenue generation for the businesses selling the waste product to the SAF facility.
The facility will be the first SAF manufacturing plant in Pakistan and is expected to set forth demonstration and replication effects for additional SAF facilities within the region.
