UAE company to build $800 million biofuel facility in Fujairah

In the UAE, Petrixo Oil & Gas is preparing to invest $800 million to set up a one million metric ton per year biofuel facility in Fujairah that will produce a wide variety of production from aviation biofuel to bio-LPG and green diesel. Technologies for the facility have already been sourced and preparation studies as well as engineering designs have all been completed.