ECB Group, BP sign contract for sale of Omega Green’s renewable diesel, SAF products
Brazil-based ECB Group, owner of the large-scale Omega Green renewable diesel project in Paraguay, has executed a multiyear offtake agreement with the global oil company BP starting in 2024, when the complex is expected to be operating.
The Omega Green project is being designed to produce 20,000 barrels per day (more than 300 MMgy) of renewable diesel, sustainable aviation fuel and green naphtha. ECB Group plans to utilize soybean oil, animal fats and used cooking oil as feedstock.
“We are proud of this agreement with an organization like BP, which is so important in the energy sector and aims to be a net-zero company by 2050 or sooner and to help the world get to net zero as well,” said Erasmo Carlos Battistella, ECB Group CEO. “ECB Group believes that biofuels represent the best option for the energy transition the world needs to make.”
Carol Howle, a BP executive vice president, said, “This deal with a major Brazilian biodistillate producer is BP’s first significant purchase of biodistillates in South America and provides a strong platform for the growth in the region. Together with our other biofuel interests in the region, and in line with our strategy, it allows us to offer low carbon fuel to our customers in both the road transport and aviation sectors.”
Companies involved in the project include Honeywell UOP, Crown Iron Works and Acciona.
The ECB Group is a leading biodiesel producer in Brazil with an annual production capacity of nearly 220 million gallons. The company has 100 percent control of BSBios Indústria e Comércio de Biodiesel Sul Brasil after a Petrobras subsidiary sold its 50 percent stake to the other 50 percent owner, RP Biocombustíveis, which is controlled by ECB Group.