Investancia and ECB sign deal
Reforestation with Pongamia
Pongamia tree
Pongamia Trees will produce 300,000 tonnes of sustainable second generation feedstock every year by 2030 in boost for global green transport initiatives.
We are extremely proud to team-up with the strategic investment of ECB to establish the first major HVO refinery in the southern hemisphere.” Marcel van Heesewijk, CEO & Founder of Investancia ASUNCIóN, PARAGUAY, February 23, 2021 /EINPresswire.com/ Leading agroforestry and research company Investancia today signed a 30-year offtake deal with ECB Group that will see 300,000 tonnes of ‘reforestation oil’ from pongamia oil produced annually by 2030. The deal represents a significant step forward in the global green transport transition.
(Investancia/EIN Newswire) Pongamia Trees will produce 300,000 tonnes of sustainable second generation feedstock every year by 2030 in boost for global green transport initiatives
– Leading agroforestry and research company Investancia today signed a 30-year offtake deal with ECB Group that will see 300,000 tonnes of ‘reforestation oil’ from pongamia oil produced annually by 2030. The deal represents a significant step forward in the global green transport transition.
The Investancia tree propagation and R&D centre, located near Carmelo Peralta, Alto Paraguay, is the world’s largest dedicated elite pongamia tree production site. Its current annual production capacity of 1 million trees will scale over the next 10 years to a total of 50 million trees, planted across 125,000 hectares.
(ECB Group) Contract includes the purchase of more than 500 million litres per year from 2024, helping to meet global demand for cleaner energy ECB Group Paraguay and Shell Trading (US) Company (“Shell”) have signed a multi-year contract that will provide more than 500 million litres of renewable diesel and renewable jet fuel per year to Shell, one of the world’s largest energy companies. The contract is expected to run from 2024.
The renewable diesel HVO (Hydrotreated Vegetable Oil) and renewable jet fuel (Synthetic Paraffinic Kerosene/SPK), also known as Sustainable Aviation Fuel (SAF), will be produced at ECB’s to-be-built Omega Green biorefinery in Paraguay, with a total production capacity of 20,000 barrels per day of HVO, SPK/SAF and green naphtha.
Shell contracts with ECB Group for more than 2.5 billion liters of renewable diesel and jet
ECB Group Paraguay and Shell Trading (US) Company signed a multi-year contract that will provide more than 500 million liters (130 million gallons US) of renewable diesel and renewable jet fuel per year to Shell, one of the world’s largest energy companies. The contract is expected to run from 2024.
The renewable diesel HVO (Hydrotreated Vegetable Oil) and renewable jet fuel (Synthetic Paraffinic Kerosene/SPK), also known as Sustainable Aviation Fuel (SAF), will be produced at ECB’s to-be-built Omega Green biorefinery in Paraguay, with a total production capacity of 20,000 barrels per day of HVO, SPK/SAF and green naphtha.
ECB Group signs 500M liter SAF and HVO offtake contract with Shell : Biofuels Digest biofuelsdigest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuelsdigest.com Daily Mail and Mail on Sunday newspapers.