Bioenergy products development company SGP BioEnergy has announced it is set to develop a hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF) facility in Panama.

Due to become operational in five years, Biorefineria Ciudad Dorada (Golden City Biorefinery), in Colon and Balboa, Panama, would produce 180,000 barrels/day of biofuel, the company said on 18 May.

“This facility not only brings cleaner fuels online in the short term, but its construction at a central hub of global commerce, serving over 1,000 ports, catalyses the industry in the long term by immediately delivering a lower cost of biofuels, reducing food waste and revolutionising farm economics,” SGP BioEnergy CEO Randy Delbert Letang said.

The refinery will be developed in three five-year phases, with production increasingby 60,000 barrels/day in each phase, the company said.

SGP BioEnergy said the front-end engineering study would be carried out by refining specialist Fluor, alongside its Mexico-based affiliate ICA Fluor, and the facility would use HydroFlex and H2 Bridge technology by Topsoe.