Shell Oil purchases bio-oil recycler, expands palm oil business

Robert Besser
07 Nov 2022, 16:55 GMT+10

Shell Eastern Petroleum, a unit of oil giant Shell, has announced that it has acquired Asia-based waste oil recycling firm EcoOils to expand its production of biofuels, including palm oil
In a statement, Shell Eastern said that after the acquisition, the company will also take over the subsidiaries of EcoOils in Malaysia, along with a 90 percent stake in its Indonesian subsidiaries
EcoOils can produce 65,000 tonnes per year of spent bleaching earth oil, a type of recycled oil that can be used as feedstock for biofuel production

SINGAPORE: Shell Eastern Petroleum, a unit of oil giant Shell, has announced that it has acquired Asia-based waste oil recycling firm EcoOils to expand its production of biofuels, including palm oil.

In a statement, Shell Eastern said that after the acquisition, the company will also take over the subsidiaries of EcoOils in Malaysia, along with a 90 percent stake in its Indonesian subsidiaries.

"This acquisition provides secure access to a recognized, advanced feedstock, which can be used at Shell's biofuels facilities to meet that aim," said Sinead Lynch of Shell, as quoted by Reuters.

EcoOils can produce 65,000 tonnes per year of spent bleaching earth oil, a type of recycled oil that can be used as feedstock for biofuel production.

The bleaching earth is a clay material used to absorb impurities during the palm oil refining process.

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