Shell Eastern Petroleum, a unit of oil giant Shell said on Tuesday 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% 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 Sinead Lynch, 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.
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Shell Official Said on Instagram
Ingenuity and innovation 👷♀️👷 Meet some of our team that combined cutting-edge technology, engineering excellence and a lot of hard work to complete the Brent Bravo lift. The iconic platform left the heart of North Sea for recycling after four decades producing oil and gas for European homes and businesses.