EGYPT : Seawater Based Biofuels Project Energy Allied International, a based in Houston, Texas, and The Seawater Foundation and Global Seawater Inc are to jointly develop the world’s first commercial scale seawater-based biofuels project in Egypt--“New Nile Co.” New Nile Co will be one of the largest biofuels investments to date in the Middle East or Africa. ISAS is an Advanced Biofuels production model that uses effluent from seawater aquaculture (e.g. fish and shrimp ponds) as a natural fertiliser to cultivate sizeable plantations of salicornia, a halophyte (i.e. naturally salt resistant plant) capable of yielding large volumes of high grade vegetable oil for use as a biofuel feedstock. New Nile Co intends to produce tens of millions of litres of biofuels from a 50,000 hectares (roughly 125,000 acres) project site. In addition to automotive markets requiring the use of blended biofuels, New Nile Co will target the European civil aviation market which is subject to strict EU regulations, with aviation entering the EU Emissions Trading Scheme in 2012. New Nile Co’s developers are presently engaged in discussions with the Egyptian government with respect to the potential project site locations and intend to complete the bankable feasibility study in 2010, with construction to begin in early 2011.