“The volumes of biofuels and petrochemical products are growing (…), this direction is expected to grow in the future because the demand for these solutions is increasing across the industry. And KN Energies is also preparing its investments, terminal, products accordingly, specifically aimed at biofuels, so that they can be loaded, mixed,” T. Tumėnas said at a meeting with investors on Monday.
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According to T. Tumėnas, increasing biofuel handling will be important for the main client – the only oil refining company in the Baltic countries, Orlen Lietuva’s investments in this fuel.
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