{"id":85077,"date":"2024-07-01T00:00:00","date_gmt":"2024-07-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/kuwaits-kpi-finalizes-50-acquisition-of-italian-biofuels-firm-eco-fox\/"},"modified":"2024-07-01T00:00:00","modified_gmt":"2024-07-01T00:00:00","slug":"kuwaits-kpi-finalizes-50-acquisition-of-italian-biofuels-firm-eco-fox","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/01\/kuwaits-kpi-finalizes-50-acquisition-of-italian-biofuels-firm-eco-fox\/","title":{"rendered":"Kuwait\u2019s KPI finalizes 50% acquisition of Italian biofuels firm Eco Fox"},"content":{"rendered":"

Kuwait<\/a><\/strong>Petroleum International (KPI)<\/a><\/strong> has completed the acquisition of a 50% stake in <\/strong>Italian biofuels firm <\/strong>Eco Fox<\/a><\/strong>, CNBC Arabia<\/a> reported last week. No financial details were disclosed for the acquisition which was approved by the European Commission for Competition and the Italian Competition Authority.<\/p>\n

Background:<\/strong> The acquisition will support KPI\u2019s goals of developing, producing and distributing alternative fuels, KPI\u2019s CEO Shafi Taleb Al-Ajmi told Kuwait News Agency in March<\/a>. KPI supplies fuel to 70 international airports and manages 2.8k gas stations in Italy.<\/p>\n

About Eco Fox:<\/strong> Eco Fox<\/a><\/strong> is an Italian renewable fuel producer and distributor which produces biodiesel made from vegetable oil, animal fat, and recovered used cooking oil. The company\u2019s plant has a production capacity of 200k tons per year. Eco Fox also produces byproducts including glycerine, acid oils and potassium salts which can be used in agriculture.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eco Fox\u2019s plant has a production capacity of 200k tons per year.<\/p>\n","protected":false},"author":1,"featured_media":85078,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[11,79],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseclimate","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"26be7ae6-2eb3-4988-ab97-6d161514755e","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1852.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Kuwait\u2019s KPI finalizes 50% acquisition of Italian biofuels firm Eco Fox","related_issue":[85061],"teaser":"Eco Fox\u2019s plant has a production capacity of 200k tons per year.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.821fe5fc-199c-4719-9c19-11389f9fb99f.mp3"},"yoast_head":"\nKuwait\u2019s KPI finalizes 50% acquisition of Italian biofuels firm Eco Fox - 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