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
Tata Steel achieves B24 biofuel voyage from Australia to India
Scientists synthesised material that can absorb Greenhouse Gases
First carbon removal plant in world comes online in Iceland
FIS proposes hydrogen as fuel for fishing vessels
WinGD bags order for world’s first ammonia dual-fuel tankers
ClassNK explores alternative fuel paths
Hydrogen fuel of future: Gadkari
Classification societies on new fuels pathway