Petronas, Enilive and Euglena to develop biorefinery in Malaysia's Pengerang
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
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Source: reuters
Joint Venture Announcement: Petronas, Enilive SpA, and Euglena Co have finalized plans to develop a biorefinery in Malaysia, with construction expected to begin in Q4 2023.
Biorefinery Details: The facility will process 650,000 tons of raw materials annually to produce sustainable aviation fuel, hydrogenated vegetable oil, and bio-naphtha, aiming for operational status by mid-2028.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
