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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting the growing expansion of renewable energy projects in Central Asia, Allied Biofuels has signed a FEED and Detailed Engineering contract with Sinopec Engineering Group. The agreement includes a rollover option to an Engineering, Procurement, and Construction (EPC) contract for a massive sustainable aviation fuel (SAF) and e-SAF project in Uzbekistan. According to reports, the total estimated value of the project stands at approximately US$6.1 billion.
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Sign InThis collaboration comes as major Chinese engineering firms seek to strengthen their international footprint in the clean energy sector, with Sinopec Engineering Group reporting growth in overseas revenue in recent periods per market data. This mega-project compares to similar regional initiatives aimed at decarbonizing the aviation sector, aligning with investment trends discussed during the 5th Tashkent International Investment Forum.
Operationally, this contract represents a significant boost to Sinopec’s backlog in the biofuels segment, and investors should watch the timeline for the transition from engineering to a full EPC contract as a future catalyst. Looking at the economic calendar, while no direct major events for Uzbekistan are listed, the stability of China's Prime Rate at 3% (as of June 22, 2026) supports the financing environment for projects led by major Chinese enterprises.