The new venture will solidify state energy company Petronas’s standing in the biofuels value chain beyond trading and offer sustainable solutions to reduce carbon emissions.
© AP
NORMAN GOH, Nikkei staff writer |
KUALA LUMPUR — Malaysia’s state energy conglomerate Petronas has announced on Friday a joint venture with Italy’s Enilive and Japan’s Euglena to construct a biorefinery plant at the Pengerang Integrated Complex in the southern state of Johor.
A joint venture company will be established to construct and operate the biorefinery plant, targeted to be operational by 2028.
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