KUALA LUMPUR (Dec 14): Petroliam Nasional Bhd (Petronas), Eni SpA and Euglena Co Ltd are jointly studying the possibility of developing and operating a biorefinery in the Pengerang Integrated Complex (PIC).

In a statement on Wednesday (Dec 14), Petronas said the three parties are currently carrying out technical and economic feasibility assessments for the proposed project, with the investment decision expected to be reached by 2023 and the plant targeted to be completed by 2025.

“The biorefinery will be able to leverage the company’s integrated value chain as well as existing utilities and facilities in PIC.

“The complex’s strategic location with easy access to major international shipping lanes will also enhance the planned refinery’s ability to cater for the rising demand for sustainable solutions worldwide,” Petronas said.

The biorefinery is expected to have a flexible configuration to maximise the production of sustainable aviation fuel for aircraft as well as hydrogenated vegetable oil for on-road vehicles, diesel-powered trains, and marine transportation.

This flexibility will enable the production to meet the ever-changing and growing energy demands of customers.

The biorefinery is also expected to have the capability to process about 650,000 tonnes per year of raw materials to produce up to 12,500 barrels per day of biofuels.

“The raw materials to be used will not compete with those in the food chain such as used vegetable oils, animal fats, waste from the processing of vegetable oils, and other biomass including microalgae oils to be explored in the mid term,” it added.