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FINANCIAL NEWS
Petrixo plans USD800m refinery
08 Mar 2014
(MENAFN) Dubai’s Petrixo Oil & Gas said that it plans to build a bio-fuel refinery in Fujairah with an investment of over USD800 million, Arabian Business reported.
The company said in a statement that it has completed the preparation of studies, engineering designs and selected the required technologies for the facility.
It added that the refinery will have a design capacity of one million metric tons per year of bio-fuel products.
The project will be spread over a 460,000 square metres land near the Fujairah Free zone and the Port of Fujairah.
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