Petronas, Enilive and Euglena to develop biorefinery in Malaysia's Pengerang (updated)
26/07/2024 06:52
(Adds details from statement)
KUALA LUMPUR, July 26 (Reuters) - Malaysia's state
energy firm Petroliam Nasional Berhad (Petronas), Italy's
Enilive SpA, and Japanese company Euglena Co 2931.T have
reached a final investment decision to develop a biorefinery in
Malaysia, the companies said on Friday.
A joint venture will be formed and construction is expected
to start in the fourth quarter of this year, the firms said in a
joint statement.
The plant would be based in Petronas's integrated refinery
and petrochemical complex in Pengerang, in Malaysia's Johor
state.
Upon completion, the biorefinery will have the capability to
process about 650,000 tons per year of raw materials to produce
sustainable aviation fuel, hydrogenated vegetable oil, and
bio-naphtha, the firms said.
It is targeted to be operational by the second half of 2028,
they said.
(Reporting by Rozanna Latiff; Editing by Martin Petty)
((rozanna.latiff@thomsonreuters.com; Reuters Messaging:
@rozlatiff on Twitter))