Italy's Eni eyes biorefinery in Malaysia with Petronas, Euglena
14/12/2022 10:20
MILAN, Dec 14 (Reuters) - Italian energy group Eni
ENI.MI is studying the possibility of developing and operating
a biorefinery in Malaysia together with Japan's Euglena 2931.T
and Malaysia's Petroliam Nasional Berhad (Petronas), the three
groups said on Wednesday.
The plant would be based in the integrated refinery and
petrochemical Pengerang Integrated Complex (PIC) in Southeast
Asia, they said in a joint statement.
An investment decision for the project is expected by 2023
and the plant is targeted to be completed by 2025.
The biorefinery would have a flexible configuration to focus
on sustainable fuels for aircraft, on-road vehicles, train and
marine transportation, the groups said.
The plant is expected to have the capability to process
about 650,000 tonnes per year of raw materials to produce up to
12,500 barrels per day of biofuels.
Eni, which plans to achieve carbon neutrality by 2050, said
earlier this year it aimed to build a third biorefinery in Italy
by converting one of its industrial sites in Tuscany.
(Reporting by Francesca Landini Editing by Mark Potter)
((francesca.landini@thomsonreuters.com; +39 02 66129437;
Reuters Messaging: reutersitaly.thomsonreuters@reuters.net))