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Panama latest location to offer biofuels

Biofuel availability around the globe is spreading. Green Fuels Ventures (GFV) and Telfer Tanks have signed an MOU concerning deployment and operation of distributed-scale biodiesel production facilities in the republic of Panama. The project’s objective is to refine biodiesel and advanced biofuels for the distributed energy, marine, aviation, and general transportation sectors from a variety of sustainably sourced, biogenic feedstocks.

Under the MOU, GFV and Telfer intend to form a joint venture company, Triton Green Fuels, which will import and operate a 50,000-litre-per-day FuelMatic GSX50 biorefinery, manufactured at Green Fuels’ engineering works in the UK. The companies’ objective is to establish one or more biodiesel facilities at Telfer’s fuel storage facility and terminal in the Free Trade Zone of the port of Colón and, as blend mandates come into effect and market demand increases, elsewhere in Panama with smaller FuelMatic models under a hub and spoke supply chain strategy. This joint venture is the first phase for a potential future HVO (hydrotreated vegetable oil) and SAF (Sustainable Aviation Fuel) production facility.

At the signing, Manuel Thompson-Flôres, CEO of Green Fuels Ventures América Latina, commented, “Having recently shipped our first latest-generation FuelMatic in Latin America to Brazil, we are delighted to announce this project with a major fuel bunkering operator like Telfer Tanks, which will provide real impetus for our ambition of promoting sustainable, distributed-scale, circular bioeconomies in the region. Triton Green Fuels’ contribution to decarbonisation of transport and power generation through the use of biofuels will be significant, and Panama’s strategic location means it can serve as a major focal point and hub for the production and distribution of advanced biofuels.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.


  1. Hi Sam, I have a question about the core ingredients needed to make HVO (hydrotreated vegetable oil) and SAF (Sustainable Aviation Fuel). Must this be created from a specific type of biomass?

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