Valenciaport awards the concession for a renewable fuel plant in Sagunto
In Spain, the Board of Directors of the Port Authority of Valencia (APV) has approved an administrative concession for the construction and operation of a plant for the processing and production of renewable fuels for loading and unloading at the Port of Sagunto.
The concession, awarded to FIVE NEXT USEOIL SOLUTIONS, SL – UCO TRADING SPAIN, SL, will have a term of 25 years and will involve an investment of $23.2 million for the construction and commissioning of the project.
The project involves the collection, storage, preparation, treatment, and subsequent processing of waste fats, such as used cooking oil and animal fats. This processing will result in advanced biofuels produced through a biomass conversion process.
Category: Fuels
