According to Rystad Energy’s research, these six oil majors have announced a total of 43 biofuel projects that are either already operational or are targeted to start up by 2030. While investments span various biofuel products, including biodiesel and ethanol, the focus is clearly on hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF), which are expected to make up nearly 90% of the projected biofuel production.
Mena Terminals will be expanded by approximately 93,000 square metres to house the plant, which is scheduled for completion in 2026.
Heads of Angola’s major oil and gas companies – Sonangol, the National Agency for Oil, Gas and Biofuels (ANPG), Oil Derivatives Regulatory Institute (IRDP), ExxonMobil and Eni – delivered powerful opening addresses during the first day of the Angola Oil & Gas (AOG) 2022 Conference & Exhibition on Tuesday.
Heads of Angola’s major oil and gas companies – Sonangol, the National Agency for Oil, Gas and Biofuels (ANPG), Oil Derivatives Regulatory Institute (IRDP), ExxonMobil and Eni – delivered powerful opening addresses during the first day of the Angola Oil & Gas (AOG) 2022 Conference & Exhibition on Tuesday.
There is great optimism around the future of biofuels, which may offer a low-carbon alternative to several widely used fossil fuels if given the necessary government support to help develop an international biofuels industry within the coming years.