The SAF deal with Petronas is a major development for South East Asian sustainability. Credit: Fadziel Nor/ Shutterstock

Samsung E&A has announced its entry into the sustainable aviation fuel (SAF) market with a $955m contract to construct a biorefinery in Malaysia with oil giant Petronas.

The company received a letter of award for the engineering, procurement, construction and commissioning (EPCC) work of the biorefinery project from Enilive on behalf of a joint venture (JV), including Petronas Mobility Lestari, Enilive, and Euglena.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The contract is expected to be officially signed by the end of January 2025.

Set within PETRONAS’ Pengerang Integrated Complex in Johor, Malaysia, the biorefinery will process approximately 650,000t per year of raw materials to produce SAF, hydrogenated vegetable oil, and bio-naphtha.

The adoption of waste and residue feedstocks aligns with global efforts to reduce carbon emissions.

The biorefinery is expected to utilise various biomass sources, including used vegetable oils, animal fats, and other biomass resources such as microalgae oils in the mid-term.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Samsung E&A president and CEO Hong Namkoong said: “Since we are carrying out the project in Malaysia, a major Asian market for us, we expect stable performance with our accumulated experience and technology.

“By successfully carrying out the company’s first SAF project, we will expand our position in the carbon-neutral, eco-friendly field in the future.”

With over ten projects executed in Malaysia, Samsung E&A plans to apply its modularisation and automation technologies to the biorefinery project.

Regulatory measures worldwide, such as the European Union’s mandate for 2% SAF blends in aviation fuel and similar initiatives in Singapore and South Korea, are driving the growth of the SAF market.