A sign for a Petroliam Nasional Bhd (Petronas) gas station stands near the Petronas KLCC Twin Towers in Kuala Lumpur, Malaysia. - Goh Seng Chong/Bloomberg
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), Italy's Enilive SpA, and Japanese company Euglena Co 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. - Reuters
