Gunvor Teams up with VARO to Build Sustainable Aviation Fuel Facility in Rotterdam
08.02.2024 By Tank Terminals - NEWS

August 02, 2024 [Reuters]- Global energy trader Gunvor Group on Thursday said it will join VARO Energy to build a large scale sustainable aviation fuel manufacturing facility at the Gunvor Energy Rotterdam site through a proposed joint venture.

 

Under the agreement, VARO and Gunvor will equally share the costs and risks to develop the plant until the final investment decision. Following a joint final investment decision and regulatory approvals, they will form a project company equally owned by both, Gunvor said.

Since VARO’s intial announcement on the project in September last year, there has been significant progress and the Front-End Engineering Design phase is expected to be completed in the last quarter this year, the energy trader said.

The manufacturing facility in Rotterdam, with capacity of 350 kt per annum, aims to produce enough sustainable aviation fuel to meet up to 7% of the European Union’s requirement by 2030, Gunvor said.

The facility is designed to process various feedstocks and produce either sustainable aviation fuel or hydrotreated vegetable oil, allowing flexibility based on market conditions and regulatory requirements, it said.

Located at Gunvor Energy Rotterdam’s brownfield site, the facility will benefit from existing infrastructure, including transport, pipelines, utilities, port facilities, and proximity to key Northern European markets, Gunvor said.

Gunvor operates a 75,000 barrel-per-day oil refinery at Rotterdam.

 

TankTerminals.com is a market research platform with operational, infrastructural and contact details of more than +8,500 tank terminals and +5,000 production facilities worldwide.


Access data. Decide better. See how.

A total of 45 Varo Energy tank terminals and production facilities are listed in TankTerminals.com, and therefore ready to be analyzed.

We list here 8 of those facilities with a direct link to access their data.

Qair to Install e-Methanol Plant at France's Le Havre Port
11.12.2024 - NEWS
November 12, 2024 [Renewables Now]- French independent renewable power producer Qair has won the ... Read More
COP29 - Indonesia to Host World's First Hybrid Green Ammonia Project
11.12.2024 - NEWS
November 12, 2024 [Antara News]- PT Pupuk Indonesia announced its Green Ammonia Initiative from A... Read More
Saudi Arabia Bets $10B on Green Hydrogen
11.12.2024 - NEWS
November 12, 2024 [Oil Price]- Saudi Arabia is reportedly preparing to unleash $10 billion in inv... Read More
Genzero and Trafigura Announce US$100M Expansion of the Brujula Verde Nature-Based Carbon Removals Project in Colombi
11.12.2024 - NEWS
November 12, 2024 [Storage Terminals Magazine]- Trafigura Group Pte Ltd, a leader in the global c... Read More