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Cyprus Schools Turn Cooking Oil Into Biofuel in Award-Winning ‘Frying Pan’ Initiative

In a move that’s earning Cyprus international praise, schoolchildren are playing a key role in turning used cooking oil into biodiesel. The “Tiganokinisi” or “frying pan” initiative, which has been integrated into the country’s national curriculum since 2018, is revolutionizing the recycling process, one bottle of oil at a time.

With over 80,000 students engaged annually, the project has schools acting as collection hubs for used cooking oil. The oil, sourced from homes across the island, is then filtered and transformed into biodiesel, tackling a global environmental problem: the disposal of millions of liters of cooking oil that often end up clogging drains, contaminating water supplies, and causing landfill fires.

Xenia Loizidou, chair of the AKTI Project and Research Centre, which coordinates the initiative, explained the scale of the challenge: “The logistics are huge to collect this half-litre of cooking oil from each of our houses.” Despite the challenges, the program has already managed to capture about 10% of Cyprus’s annual 2,000-tonne cooking oil waste.

The project has also proven to be an educational goldmine. Students not only contribute to recycling efforts but are also given a say in how the proceeds are spent—funding green initiatives like photovoltaic panels, water fountains, and aromatic gardens in their schools. Over €550,000 has been allocated for these projects since the program’s inception.

In 2021, U.S. energy giant Chevron stepped in to fund the mobile science laboratory that travels to schools across Cyprus, furthering the program’s reach. “We quickly realized this was a great fit for us,” said Kristian Svendsen, Chevron’s regional manager for Egypt and Cyprus. The initiative has now visited over 500 schools, spreading awareness of both recycling and renewable energy.

With its blend of environmental activism, education, and community involvement, “Tiganokinisi” has garnered attention worldwide, winning accolades from the European Commission for social innovation and from the Global Education Network Europe for excellence in global education.

This pioneering initiative shows how Cyprus is stepping up to tackle waste while teaching a generation of students that “waste” can have value—and that value can help power the future.

FinTech’s Dominance In MENA: Three Strategic Drivers Behind Unyielding VC Success

Despite facing tightening global liquidity and macroeconomic headwinds, the FinTech sector continues to assert its leadership in the MENA region. In the first half of 2025, FinTech emerged as the most resilient and appealing arena for venture capital investments, proving its worth as a catalyst for financial innovation and inclusion.

Addressing Structural Financial Gaps

In many parts of MENA, a significant proportion of the population remains underbanked and underserved by traditional financial institutions. FinTech companies are uniquely positioned to address these persistent challenges by bridging critical access gaps and driving financial inclusion. With the proliferation of payment apps, digital wallets, and micro-lending platforms, investors have witnessed firsthand how these solutions pave the way for scalable growth and eventual exits. Early-stage momentum in the region is underscored by a doubling of pre-seed deals year-over-year, reinforcing the sector’s capacity for rapid innovation and sustainable expansion.

Highly Scalable and Replicable Business Models

One of the key factors behind FinTech’s dominance is the inherent scalability of its business models. Once the necessary infrastructure and regulatory approvals are in place, these models have demonstrated robust performance across borders. The first half of 2025 saw a marked acceleration in deal activity, with payment solutions leading the charge with 28 deals in MENA—a significant increase over the previous year. Lending platforms, in particular, experienced a meteoric 500% year-over-year increase in funding, emerging as the fastest-growing subindustry. Such replicability makes FinTech an attractive proposition for investors seeking high-growth opportunities in diverse markets.

Supportive Regulatory And Government Backing

The strategic support offered by key government initiatives in the UAE and Saudi Arabia has been instrumental in propelling the FinTech sector forward. Progressive frameworks, such as the UAE’s open finance and digital asset directives, coupled with Saudi Arabia’s live-testing sandboxes, have materially lowered entry barriers for startups. These measures not only foster innovation but also streamline the path to commercialization. Consequently, the combined efforts of these regulatory bodies have enabled the UAE and Saudi Arabia to account for 86% of MENA’s total FinTech funding in H1 2025.

The resilience of FinTech in MENA is not merely a reflection of contemporary market trends—it signals a fundamental shift in the region’s economic fabric. With an unwavering commitment to addressing real financial challenges, scalable and replicable business practices, and robust regulatory support, FinTech is setting the benchmark for sustainable innovation. As capital markets become increasingly discerning, this sector stands out as a beacon of long-term growth and transformative impact.

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