Petronas, Enilive and Euglena to develop biorefinery in Malaysia's Pengerang

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KUALA LUMPUR : Malaysia's state energy firm Petroliam Nasional Berhad (Petronas), Italy's Enilive SpA, and Japanese company Euglena Co have reached a final investment decision to develop a biorefinery in Malaysia, the companies said on Friday.

It is targeted to be operational by the second half of 2028, they said.

A joint venture will be formed and construction is expected to start in the fourth quarter of this year, the firms said in a joint statement.

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Category: EconomyBusiness

Markets: SingaporeCanadaItalyJapanMalaysia

Topics: Mediacorp Experience State 2023 Energy Joint Firms Year Biorefinery Malaysia Petronas

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 13:58:24 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 217 words

Reading Time: 2 minutes read

Sentences: 9 lines

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Copyright Owner: © Channel News Asia

News ID: 21781247

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