Petrixo Oil & Gas invest about $ 800m in Bio fuel refinery in Fujairah

: Wednesday, March 05 - 2014 @ 10:30

Petrixo Oil & Gas, based in Dubai, had announced, it has completed the preparation of studies, engineering designs and selected the required Technologies to set up a Bio-fuel refinery in Fujairah, UAE with a design capacity of one million Metric Tons per year of Bio Fuel products, which include Bio diesel, Green Diesel, Bio Jet, Bio Naphtha and Bio LPG, with investment in excess of US$ 800 million.

The project will be set up over about 460,000 square meters of land in proximity to Fujairah Free zone & Port of Fujairah. Where, Petrixo has incorporated a consortium of Major International companies and financial institutions to set up the project.

This project is in line with the directives of the wise policy of the leadership of the United Arab Emirates, which attaches special importance to Environmental Projects and Sustainable Energy. It is also in the line of the vision of His Highness Sheikh Hamad Bin Mohamed Al Sharqi, Supreme Council Member and Ruler of Fujairah, in support of Green Energy projects and give utmost importance.

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Wednesday, March 5- 2014 @ 10:30 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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