Indonesian state-owned energy company PT Pertamina said in a statement on 31 January that it has signed an agreement with Italian oil company ENI SpA to develop a green refinery in Indonesia and to process a palm oil-based fuel mixture in Italy, Reuters reports.
Pertamina said that it had signed a joint venture agreement to produce fuel completely derived from crude palm oil (CPO) in the Indonesian facility.
The company also signed an agreement which would allow it to process CPO in ENI’s refinery in Italy to produced hydrotreated vegetable oil (HVO), which can be used as a mixture in diesel fuel, Reuters said.
The two companies were also in talks to potentially produce HVO in Indonesia. And they had agreed to conduct studies into potentially converting three Pertamina refineries to produce palm-based biodiesel.
ENI has been operating in Indonesia since 2001.
