Samsung has secured a contract for a new biorefinery capable of producing Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) to meet the growing global demand in the aviation and transportation industries.
This marks Samsung’s first entry into the SAF market, a new business initiative in the era of energy transition.
The company announced that it has received the Letter of Award (LoA) for the Malaysian project from a joint venture formed by Enilive on behalf of Petronas Mobility Lestari. The EPCC contract is valued at $955 million (€912 million) and is expected to be formally signed by the end of January 2025.
The biorefinery will be located within Petronas’ Pengerang Integrated Complex (PIC) in Johor, Malaysia. Once completed, it will have the capacity to process approximately 650,000 tons of raw materials annually to produce SAF, HVO, and bio-naphtha.
The feedstock for the biorefinery will include waste vegetable oils, animal fats, by-products from vegetable oil processing, and other biomasses, including microalgae oil, which is expected to be developed in the medium term.