Petronas, Enilive and Euglena to jointly develop biorefinery in Malaysia

The plant at Pengerang Integrated Complex in Johor state is expected to be operational by 2028

The new venture will solidify state energy company Petronas's standing in the biofuels value chain beyond trading and offer sustainable solutions to reduce carbon emissions. © AP

NORMAN GOH, Nikkei staff writer

July 26, 2024 18:57 JST

KUALA LUMPUR -- Malaysia's state energy conglomerate Petronas has announced on Friday a joint venture with Italy's Enilive and Japan's Euglena to construct a biorefinery plant at the Pengerang Integrated Complex in the southern state of Johor.

A joint venture company will be established to construct and operate the biorefinery plant, targeted to be operational by 2028.