- Infinita Renovables signed an agreement with Musim Mas to rent its biodiesel plants in Spain.
- The Castellón plant has started commercialization, and the Ferrol plant will resume shortly.
- Infinita faced economic difficulties since 2011, leading to successive EREs in Galicia and Valencia.
- The Galician and Castellón plants have a combined production capacity of 900,000 tons annually.
Agreement Overview
Infinita Renovables has signed an agreement with Musim Mas, an Indonesian international group, to rent its biodiesel plants in Ferrol and Castellón, Spain. This partnership aims to reactivate the production and sale of biofuel through an operating lease under Masol Iberia, a subsidiary of Musim Mas based in Singapore.
Operational Details
The agreement is expected to enhance the competitiveness of Infinita Renovables on a global scale and secure the future of its Spanish plants. The Castellón plant has already commenced commercialization, while the Ferrol plant is set to resume operations shortly. Combined, these plants have a production capacity of 900,000 tons annually, making Infinita Renovables the largest biodiesel producer in Spain.
Historical Context
Infinita Renovables has faced economic and production challenges since 2011, resulting in multiple EREs (employment regulation files) in Galicia and Valencia. The company, which began its project in 2008, struggled with exporting its production due to regulatory changes in Spain and the EU that favored foreign biofuel imports, particularly from Argentina and Indonesia.
Production Capacity
The Galician plant, established in June 2009 in the outer port of Ferrol, has an annual production capacity of 300,000 tons. Together with the Castellón plant, these facilities position Infinita Renovables as a significant player in the biodiesel market.
