Green Fuels Venture and Tefler Tanks sign MoU in Panama

Green Fuels Venture (GFV), a subsidiary of UK biofuels Technology developer has signed a Memorandum of Understanding (MoU), to produce biofuels in the Republic of Panama.


Under the MoU, GFV and Tefler intend to form a joint venture company, Trition Green Fuels, which will import and operate 50,000 litres biodiesel per day. The company holds an objective to establish single or several biodiesel facilities at Tefler’s fuel storage facility and terminal in the Free Trade Zone of the Port of Colón.

Samil Far, Director at Tefler said, “Tefler Tanks is excited to announce our partnership with Green Fuels of the UK.” He further added, “Our main goal is to encourage others and promote the use of biofuels in the country and throughout the region to mitigate the effects of carbon emissions and combat climate change.”