The development of the world’s largest biofuels production and distribution hub commenced by energy industry companies led by SGP BioEnergy in May 2022. The facility is expected to be completed in five years at Colon and Balboa in Panama. It will be the largest advanced biorefinery and Sustainable Aviation Fuel (SAF) production platform in the world producing 180,000 barrels per day (2.6 billion gallons per year) of biofuel. The facility is being developed in partnership with private landowners, Panama Oil Terminals (POTSA) and the government of Panama.
It will repurpose existing facilities currently processing and storing 70% of the country’s bunker fuel oil to the refinement and storage of biofuels derived from purpose grown plant oils, and waste fats and greases.
Tags: Biofuels, Panama, POTSA, SAF, SGP Bioenergy
Recent Posts
NTPC Green Energy to participate in SIGHT scheme to supply green ammonia
Oil India signs MoU with HP Govt. to support alternative energy projects
Avaada Group commits $12bn to transform Rajasthan into renewable energy hub
Monjasa makes LNG bunkering move in the UAE
GTT gets class nod for three-tank LNG carrier design
Govt urges sugar industry to diversify into green fuels
Cement sector must innovate to achieve net-zero emissions
India’s ethanol production capacity reaches 1,685 crore liters