ECB Group Paraguay and Shell Trading (U.S.) have signed a multi-year contract that will provide more than 500 million litres of renewable diesel and renewable jet fuel per year to Shell, one of the world’s largest energy companies. The contract is expected to run from 2024.
The renewable diesel HVO (Hydrotreated Vegetable Oil) and renewable jet fuel (Synthetic Paraffinic Kerosene/SPK), also known as Sustainable Aviation Fuel (SAF), will be produced at ECB’s to-be-built Omega Green biorefinery in Paraguay, with a total production capacity of 20,000 barrels per day of HVO, SPK/SAF and green naphtha.
“We are delighted to have Shell as our single largest offtaker,” said founder and CEO of the ECB Group, Erasmo Carlos Battistella. “With Shell’s well-known focus on decarbonization initiatives, it makes perfect sense for us to work together to provide renewable fuels solutions, especially in the road transportation and aviation sectors. This agreement also positions the Omega Green state-of-the-art biorefinery as a major producer to supply a growing demand for low carbon fuels.”