Omani aluminum company to purchase biofuel for production: Aluminum sheet producer Oman Aluminium Rolling Company (OARC) has inked an agreement to purchase biofuel for use in production, GCC Business News reported last week. The B5 biodiesel to be purchased will be produced by Omani biofuels producer Wakud International — which uses waste products including recycled cooking oil — to produce biofuels, it adds. No information was given about the cost or amount of biofuel being purchased, or the time frame of the agreement.

The B5 biodiesel is still mostly diesel: The biodiesel is a biofuel blend that consists of “≤5% pure biodiesel and ≥95% petroleum diesel fuel,” notes Canadian commodities marketer Targray.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• The UAE’s Dubai Electricity and Water Authority wants to expand its electric vehicle charging station network to 1k stations by 2025. (Statement)
• Al Waleed Philanthropies is partnering with UNESCO to promote sustainable development and “green growth” in Morocco and other African countries through a projected USD 3 mn donation. (UNESCO)
• Oman’s Bank Nizwa signed an MoU with the Sustainable Development and Investment Company to offer Islamic finance solutions for buyers interested in Yiti, the Sultanate’s sustainable city. (Zawya)