Petronas, Idemitsu in deal to develop sustainable aviation fuel.
Malaysian state oil company Petronas and Japan’s second-biggest oil refiner Idemitsu Kosan Co (5019.T) signed a preliminary agreement to collaborate on development and distribution of sustainable aviation fuel, the companies said on Thursday.
They will focus on a feasibility study to “scale-up bio feedstock possibilities, production cost analysis and security in ensuring a steady and efficient supply chain for the sustainable development of sustainable aviation fuel“, they said in a statement.
The two companies will also aim to establish a sales and distribution network to ensure accessibility to airlines, they added.
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Petronas, Idemitsu in deal to develop sustainable aviation fuel, KUALA LUMPUR, October 4, 2023
