Shell Eastern Petroleum, a unit of Shell The oil giant said on Tuesday that Acquires Asian waste oil recycling company Eco Oils to expand biofuel production
Through the agreement, the company will take full ownership of the Malaysia subsidiary of EcoOils and hold a 90% stake in the Indonesian subsidiary, Shell Eastern said in a statement. but did not disclose the value of the investment. Shell buys Asian waste oil recycling
Sinead Lynch, Shell’s senior vice president of low-carbon fuels, said: “This acquisition provides secure access to advanced, well-established raw materials. which can be used in Shell biofuel plants to achieve this goal.
EcoOils has a capacity of 65,000 tons per year of used earth oil bleach. which is a type of recycled oil that can be used as a raw material for the production of biofuels.
Bleached clay is a clay material used to absorb impurities during the palm oil refining process. Shell buys Asian waste oil recycling
