Member News

€24 million investment in a new biorefinery at ZILS (Sines Industrial and Logistics Zone)

INEDITENEPTUNE, an InKemia business group company, from Spain, contracted with aicep Global Parques setting up a biorefinery to produce Class A Advanced Biodiesel at ZILS.

In recent years InKemia has developed a new biofuel (S-50) with characteristics similar to those of diesel and biodiesel. The S-50 has crude glycerin as one of its main raw materials. The S-50 has been totally developed within the European Union and thoroughly tested, both in laboratory environment and in engines.

The company selected Portugal – ZILS, adjacent to the harbor of Sines – to locate the first industrial facility in the world to produce and market the S-50. The total investment will amount to nearly 24 million euros, generating 23 FTE and inducing between 15 to 20 indirect jobs.

The project will positively impact Portuguese exports, since it is estimated that over 70% of its annual 30,000 metric tons production will be for the Spanish, Italian, German, Dutch and UK markets.

The industrial facility will take up about one hectare of Lot E, Zone 1 of ZILS, a petrochemical industrial site managed by aicep Portugal Global.

Compliments of AICEP, a member of the EACCNY