In the Netherlands, Offshore Energy reported that Malaysia’s biofuel producer BAC Renewable Energy (BAC RE) has signed a memorandum of agreement (MoA) with compatriot terminal operator TLP Terminal and Singapore-based bulk liquid storage services provider Dovechem Group to develop a bio-LNG and biomethanol hub.
The future hub will be located at TLP Terminal-operated Tanjung Langsat Port, Malaysia.
“Our hub will cater to the growing demand for ISCC EU-certified bio-LNG from the maritime sector in the biggest bunker market in the world, i.e Singapore & Malaysia combined, which is a major stop in the Far East-Europe shipping route,” said Norzaifizy K., Business Development Director at BAC RE
The biofuel hub will be developed in phases, with the first phase—expected to cost about $33.6 million—comprising an initial bio-LNG storage capacity of up to 7,500 cbm and a production of 33,000 tons per annum, according to the report.
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Tags: BAC Renewable Energy, biofuel, Malaysia
Category: Fuels
