The Singapore subsidiary of oil giant Royal Dutch Shell has signed a US$155M biodiesel supply deal with Chinese chemical product company Jiaao Enprotech, Yicai Global reported on 9 February.
In the deal, Shell International Eastern Trading will buy a total of 150,000 tonnes of European Union-standard biodiesel fuel from the Chinese company over a three-year period starting from July, Yicai Global said.
The contract was due to start when Jiaao Enprotech’s new biodiesel production line started operation, trebling the firm’s current 50,000 tonnes/year output.
The new contract was not the first time the two companies had collaborated and Jiaao Enprotech said it had supplied 3,042 tonnes of biodiesel to Shell International last year and in 2018 it had supplied 3,974 tonnes.
Jiaao Enprotech's biodiesel was mainly used as a green raw material for biodegradable plastic products, Yicai Global said, with the surplus processed into biofuel products that meet EU standards for export.
