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
India’s private refiners cut Russian crude imports as discounts narrow
127 Indian businesses have pledged to achieve net-zero goals: Report
ONGC Videsh acquires $60 mn stake in Azerbaijan’s ACG Field
Saudi Arabia may cut Asia’s January crude prices
Roadmap for Nordic Shipping’s fuel transition delivered to Nordic ministers
Rajya Sabha passes bill to boost investment in oil and gas exploration
Ambuja Cements partners with Coolbrook for cement manufacturing
Universal Biofuels delivers biodiesel to three OMCs