Latvia’s first hydrotreated vegetable oil (HVO)/sustainable aviation fuel (SAF) facility is under construction at the Port of Riga, Biofuels Digest reported.
Amber Flow Fuels company had invested €120M (US$140M) in the project in Kundziņsala, the 28 July report said.
The company would produce HVO and SAF at the site by 2027, Biofuels Digest wrote.
Once operational, the facility would supply 100% of the required SAF for the Baltic market, with 70% of produced SAF exported, increasing Latvian export values by at least €150M (US$175M), the report said.
With at least seven new companies – cargo terminals, logistics centres, energy companies and smart manufacturing plants – due to start operations in Kundziņsala, bringing total investment in the area to at least €500M (US$583.6M), the area is emerging as the new industrial centre of Riga, according to a 16 July report on Latvia’s Ministry of Economics website.
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