PETRONAS and Idemitsu collaborate on SAF production
Under the terms of the MoU, PETRONAS and Idemitsu will focus on a feasibility study to scale-up bio feedstock possibilities, production cost analysis and security in ensuring a steady and efficient supply chain for the sustainable development of SAF.
This includes exploring the supply potential of non-edible oil feedstock trees suitable to produce SAF, such as Pongamia and Jatropha.
PETRONAS executive vice-president and chief executive officer of downstream, Datuk Sazali Hamzah said: “Our partnership with Idemitsu builds on a legacy of almost five decades of shared ambition to address the everchanging energy needs worldwide.
“In the latest collaboration, our valued partner will continue to have access to our distinctive advantage, enabling us to collectively deliver impactful outcomes for the benefits of our end customers. This is the standard of value we consistently offer to our business-to-business customers.”
Idemitsu director and managing executive officer Masahiko Sawa added: “As the two companies have overcome various challenges together, we expect this new initiative will contribute to the achievement of carbon neutrality in the aviation industry through the early implementation and deployment of SAF in society.
“Idemitsu is engaged in the development of various raw materials and marketing for SAF, and we will utilise and further develop them in this joint study.”