Australia's Ampol, Graincorp to study renewable fuel production at Lytton refinery (updated)
30/07/2024 24:36
(Updates with details and background)
July 30 (Reuters) - Australia's Ampol ALD.AX said on
Tuesday it will work with local agribusiness Graincorp GNC.AX
and asset manager IFM Investors to study a potential renewable
fuel production facility at its Lytton refinery in Brisbane.
The parties have inked a memorandum of understanding (MoU),
under which Graincorp will supply feedstock to produce
sustainable aviation fuel and renewable diesel at the Lytton
refinery.
The move comes as companies see growing demand for greener
forms of energy and fuel.
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Alan
Barona and Sherry Jacob-Phillips)
((Rishav.Chatterjee@thomsonreuters.com;))