In Switzerland, Gunvor Group said it will join VARO Energy in building a large-scale SAF manufacturing facility at the Gunvor Energy Rotterdam site through a proposed joint venture. Since VARO announced on September 7, 2023 its intention to build a large scale SAF facility as a sole owner with total feedstock capacity of 350 kt pa., the project has made good progress, Gunvor said. Under the terms of the agreement, costs, and risks to develop the plant up to the final investment decision (FID) will be shared on an equal basis. Upon joint FID, and subject to necessary regulatory approvals, VARO and Gunvor will form a project company owned equally by both parties, the firm added. The basis of design has been finalized and the Front-End Engineering Design (FEED) phase is expected to be completed in Q4 2024. The facility is being designed to be able to process a variety of feedstocks. It will also have the capability to produce either SAF or HVO end products.
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