Green Fuels Ventures signs MOU with Tefler Tanks for expansion into Panama

January 20, 2022 |

In the UK, in a move reinforcing Green Fuels’ commitment to its biodiesel refining capacity-building strategy in Latin America, Green Fuels Ventures (GFV) and Telfer Tanks have signed an MOU concerning deployment and operation of distributed-scale biodiesel production facilities in the Republic of Panama. The project’s objective is to refine biodiesel and advanced biofuels for the distributed energy, marine, aviation, and general transportation sectors from a variety of sustainably sourced, biogenic feedstocks.

Under the MOU, GFV and Telfer intend to form a joint venture company, Triton Green Fuels, which will import and operate a 50,000-liter-per-day FuelMatic GSX50 biorefinery, manufactured at Green Fuels’ engineering works in Berkeley, Gloucestershire. The companies’ objective is to establish one or more biodiesel facilities at Telfer’s fuel storage facility and terminal in the Free Trade Zone of the

port of Colón and, as blend mandates come into effect and market demand increases, elsewhere in Panama with smaller FuelMatic models under a hub and spoke supply chain strategy. This joint venture is the first phase for a potential future HVO (hydrotreated vegetable oil) and SAF (Sustainable Aviation Fuel) production facility utilizing Green Fuels SABR technology via the established HEFA production pathway.

Category: Fuels

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