After sustaining a strong economic recovery in 2021 due to the reactivation of its interoceanic Canal, for which revenue from transits totaled USD 3.9 billion in the last fiscal year, Panama has announced a new project that seeks not only to keep the economic momentum going but also to do so in tune with the world’s environmental needs.
On May 18, Panama’s government confirmed a four-year plan to develop a state-of-the-art biorefinery that would help the country to invest in and develop a local industry for low-carbon aviation fuel. The announcement was made alongside major local energy companies...
