HomeNewsPETRONAS, Enilive and Euglena Reach Final Investment Decision to Construct a Biorefinery in Malaysia

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PETRONAS, Enilive and Euglena Reach Final Investment Decision to Construct a Biorefinery in Malaysia

7/26/2024

-- Eni Press Release --   Petroliam Nasional Berhad (PETRONAS), Enilive S.p.A (a company directly controlled by Eni S.p.A.), and Euglena Co., Ltd. (Euglena) have reached the final investment decision (FID) to develop a biorefinery which will be located within PETRONAS’ Pengerang Integrated Complex (PIC), Johor, Malaysia. The three companies will establish a joint venture company in Malaysia to construct and operate the biorefinery, with PETRONAS Mobility Lestari Sdn Bhd (PMLSB), a subsidiary of PETRONAS, and Enilive as the largest shareholders. Targeted to be operational by the second half of 2028, the biorefinery will have the capability to produce Sustainable Aviation Fuel (SAF) and ot

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