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
Government aims at 30% ethanol blending with petrol by 2030
Rio Tinto and AMG Metals & Materials to assess low-carbon aluminium project in India
Gasum selects Wärtsilä for another bioLNG project in Sweden
V. secures full management contract with International Seaways
Italian container terminal to cut operational emissions with electric Konecranes
MOL and Tokyo Gas to Install World’s Second Wind Challenger to New LNG Vessel
Azane Unveils New Subsidiary to Drive Ammonia Bunkering Development Oslo, Norway
IKEA Drives a Green Revolution in Indian Logistics with Electric Freight Truck