FILE PHOTO: The logo of Malaysian energy group National Petroleum Limited, commonly known as PETRONAS, is displayed at their booth during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File PhotoKUALA LUMPUR : Malaysia's state energy firm Petroliam Nasional Berhad , 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.
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