Shell has secured the SAF that Green Sky Manara, a company belonging to the Qatari group Green Sky Capital, will produce in Morocco
Shell signed a long-term agreement with Green Sky Manara to buy 150,000 tonnes/year of sustainable aviation fuel (SAF) from a new plant in Morocco, starting in 2028. The deal aligns with Shell's strategy to provide low-carbon fuels and build resilient supply chains, according to the company.
How this was made

The 30-second read
Why it matters
The new SAF supply deal adds to Shell's renewable fuel commitments, reinforcing its ESG narrative and could positively influence investor sentiment.
Market read
A material, first‑report SAF contract for Shell that may provide a modest bullish catalyst for the stock and underscores growth in the renewable aviation fuel market.
What to watch
Execution risk at the new Moroccan plant and potential competition from other SAF sources.
Background
Shell is expanding its sustainable aviation fuel portfolio globally, with similar agreements in Pakistan, Malaysia, Thailand, and the United States.
Ticker impact
Shell signed a long‑term agreement to purchase up to 150,000 t/yr of SAF from Green Sky Manara, a new supply contract first disclosed in this article.
likely upward pressure as the market prices in the new SAF procurement volume
First‑report of a multi‑hundred‑million‑dollar SAF deal; material to Shell's renewable fuel portfolio and earnings outlook.
Market effects
Strengthens the renewable aviation fuel segment and may boost demand for SAF producers.
Highlights Morocco as an emerging SAF hub, potentially attracting further investment in North Africa.
Supports broader industry shift toward low‑carbon aviation fuels.
Counterpoint
The contract volume may be modest relative to Shell's total fuel needs, limiting price impact.
Key entities
- CompanyShell Trading Rotterdam
Shell subsidiary that executed the SAF purchase agreement.
- CompanyGreen Sky Manara
Qatari‑backed producer of SAF in Morocco.


