oil refinery project will be carried out by the British company Evolve Trading and Investment in cooperation with the SAVM-SABA Group LP which operates various projects.
is assumed that the plant will be an international hub that will serve both
local and foreign oil companies.
The plant will produce low-sulfur fuel oil, which will become the world’s only ship fuel from January 1, 2020 as all ships, from small boats to giant tankers, are required to switch to low-sulfur
fuels while all other types of fuel
will be banned.
consumers in Georgia and in the Black Sea region, the launch of a low-sulfur
fuel oil plant in the country will be a clear message to the world community
that Georgia is is faithful to the
principles of the Paris Agreement on Climate Change.”
We know that in
Georgia there are many experienced staff in this field and the country’s geographical
location in the Black Sea provides optimal opportunities to follow modern
technology trends everyone must be ready
around the world in 2020, ”the statement
made by investors says.
plant will be able to process 30,000 barrels of oil
per day, but if there is market demand, this figure can be significantly
of jobs is planned to be created within the project.