PETRONAS and Idemitsu Kosan Co., Ltd. (Idemitsu) have signed a Memorandum of Understanding (MOU) to enhance capabilities throughout the supply chain and optimize the route to market for Sustainable Aviation Fuel (SAF).
This represents a significant step in both companies’ ongoing commitment to producing lower carbon energy solutions for customers worldwide.
As outlined in the MOU, PETRONAS and Idemitsu will concentrate 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 SAF.
This includes exploring the supply potential of non-edible oil feedstock trees suitable to produce SAF, such as Pongamia and Jatropha. Additionally, both companies will also work on establishing a robust SAF sales and distribution network to ensure SAF accessibility to airlines.
PETRONAS Executive Vice President and Chief Executive Officer of Downstream, Datuk Sazali Hamzah commented, “Our partnership with Idemitsu builds on a legacy of almost five decades of shared ambition to address the everchanging energy needs worldwide.
In the latest collaboration, our valued partner will continue to have access to our distinctive advantage, enabling us to collectively deliver impactful outcomes for the benefits of our end customers. This is the standard of value we consistently offer to our business-to-business customers.”
