Enilive Announces Joint Venture with Petronas and Euglena
Deal News | Nov 14, 2024 | Legal Community Italy
Baker McKenzie has aided Enilive, part of the Eni group specializing in bio-refining, biomethane, and smart mobility, in forming a joint venture with Petronas and Euglena. The joint venture aims to develop a bio-refinery at Petronas’s Pengerang Integrated Complex in Johor, Malaysia, with operations expected to begin in the second half of 2028. The refinery will produce sustainable aviation fuel (SAF) and other biofuels like hydrogenated vegetable oil (HVO). This venture indicates Enilive's strategic entry into the Asian bio-refining market. Legal assistance for Enilive was provided by Baker McKenzie, with teams operating from its offices in Italy, Malaysia, London, and Tokyo.
Sectors
- Energy
- Legal Services
Geography
- Italy – Enilive is part of the Eni group, an Italian corporation, and Baker McKenzie's Italian team was involved in the transaction.
- Malaysia – The location of the joint venture bio-refinery development at Petronas's Pengerang site.
- Japan – Legal aspects tackled by Baker McKenzie involving Japanese law due to the involvement of Euglena.
- UK – Legal expertise from Baker McKenzie's London office was utilized for English law-related aspects of the joint venture.
Industry
- Energy – The article discusses Enilive's involvement in bio-refining and the production of sustainable aviation fuel, marking a move within the energy sector.
- Legal Services – Baker McKenzie provides legal services and advice related to the joint venture across multiple jurisdictions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Enilive | Target company | Company | Part of the Eni group, involved in bio-refining, biomethane, and smart mobility. |
| Petronas | Joint venture partner | Company | Malaysian oil and gas company providing the site for the bio-refinery. |
| Euglena | Joint venture partner | Company | Japanese company involved in the joint venture for the bio-refinery. |
| Baker McKenzie | Legal advisor | Company | Provided legal advice for Enilive on various jurisdictional laws. |