€24 million investment in a new biorefinery at ZILS (Sines Industrial and Logistics Zone)
In recent years InKemia has developed a new biofuel (S-50) with characteristics similar to those of diesel and biodiesel. The S-50 has crude glycerin as one of its main raw materials. The S-50 has been totally developed within the European Union and thoroughly tested, both in laboratory environment and in engines.
The company selected Portugal – ZILS, adjacent to the harbor of Sines – to locate the first industrial facility in the world to produce and market the S-50. The total investment will amount to nearly 24 million euros, generating 23 FTE and inducing between 15 to 20 indirect jobs.
The project will positively impact Portuguese exports, since it is estimated that over 70% of its annual 30,000 metric tons production will be for the Spanish, Italian, German, Dutch and UK markets.
The industrial facility will take up about one hectare of Lot E, Zone 1 of ZILS, a petrochemical industrial site managed by aicep Portugal Global:
http://www.globalparques.pt/en/enzils/parks/zils-global-parques/summary/70
Categories
Investments
Chemical substances
Countries
Latest news
TotalEnergies’ Antwerp Platform Adapts to Energy Transition Challenges and Market Trends
Port Of Antwerp →By adapting and investing regularly in our Antwerp site, we’re securing its long-term future and ensuring that this integrated refining and petrochemicals platform remains TotalEnergies’ most effic...
Solvay advances European rare earths production through capacity expansion
The inauguration of Solvay’s new production line in France marks the start of rare earth production for permanent magnets, enhancing Europe's sovereignty and supporting the Critical Raw Materials A...
Clariant's MegaMax™ 900 catalyst: Powerful start at European Energy's e-methanol plant
European Energy successfully started up their e-methanol plant in Kasso, Denmark, using Clariant’s MegaMax 900 catalyst. The Power-to-X plant is one of the world’s first and currently largest comme...
Kazakhstan’s largest petrochemical project: first piles driven for polyethylene plant in Atyrau
The construction of the plant, which has a capacity of 1.25 million tons of polyethylene per year and an investment of approximately 7 billion US dollars, is expected to be completed by 2028, with ...