27.8 C
Brunei
Thursday, December 8, 2022
27.8 C
Brunei
Thursday, December 8, 2022
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    Shell buys Asia-based waste oil recycler to boost biofuels output

    CNA – Shell Eastern Petroleum, a unit of oil giant Shell, said yesterday it has acquired Asia-based waste oil recycling firm EcoOils to expand its biofuels production.

    The company will completely take over EcoOils’ subsidiaries in Malaysia and a 90 per cent stake in its Indonesian subsidiaries through the deal, Shell Eastern said in a statement, but did not disclose the value of the investment. “This acquisition provides secure access to a recognised, advanced feedstock, which can be used at Shell’s biofuels facilities to meet that aim,” said Senior Vice-President for low carbon fuels at Shell.

    EcoOils has a production capacity of 65,000 tonnes per year of spent bleaching earth oil, a type of recycled oil that can be used as feedstock for biofuel production. Bleaching earth is a clay material used to absorb impurities during the palm oil refining process.

    The Shell logo is seen at a Shell petrol station in London, Britain. PHOTO: CNA
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