Kuwait Petroleum International buys 50% of Italy’s Ecofox

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Kuwait Petroleum International Company supplies global aviation with aviation fuel at more than 70 global airports

She announced Kuwait Petroleum International Company The Italian branch announced that it had signed an agreement to purchase a 50 percent stake in the Italian company Eco fox, which specializes in manufacturing organic fuels (Biofuel), as part of efforts to reduce carbon emissions from fossil fuels.

And I wrote The Kuwaiti Ministry of Oil on the X platform Today, Saturday, “this deal constitutes (a pioneering step) to develop, produce, and distribute sustainable organic fuels in line with the goals of reducing carbon emissions in fuels used for transportation,” without revealing the size of the deal.

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Ecofox, a subsidiary of Fox Petroleum, owns a biofuel plant in Italy with a capacity of 200,000 tons per year that produces advanced biodiesel and byproducts for industrial use.

Kuwait News Agency (KUNA) said that Kuwait Petroleum International Company supplies global air navigation with jet fuel at more than 70 international airports, in addition to manufacturing and marketing one of the best and finest oils in the world. It also owns shares in three international refineries in Italy, Vietnam and Oman through partnerships with International oil companies.

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