Astron Energy, a unit of global commodity trader Glencore, will invest up to R6-billion to install new equipment and become compliant with South Africa's cleaner fuel specifications ahead of a 2027 deadline, the company said on Wednesday. The foundations have already been laid at the 100 000 bl/d crude oil refinery, close to Cape Town, for a Gasoline Hydrotreating Process that will help bring petrol down to Euro 5 specifications, senior Astron officials said.
Glencore is a Switzerland-based company that provides natural resource exploration, acquisition and logistics services for the automotive, steel and food processing industries.