CAIRO: The Italian branch of Kuwait Petroleum International (KPI), Q8, will buy a 50% stake in Italian biodiesel producer, EcoFox, as part of efforts to reduce its fossil-fuel emissions.
“This deal constitutes a pioneering step to develop, produce and distribute sustainable organic fuels in line with the goals of reducing carbon emissions in fuels,” Kuwait’s oil ministry posted on X, without disclosing the value of the deal in question.
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