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Fuel oil is a fossil fuel derived from oil refining. Besides domestic fuel used in transportation and household heating, heavy fuel oil (also called HFO) is used in electricity production, industry and ship engines.
In the energy sector, heavy fuel oil is used to fire power plants. HFO serves as:
The development of new technologies enables a steady improvement in the quality of heavy fuel oil, with the aim of saving energy and preserving the environment.
To meet its sustainable development objectives, the Group and its subsidiaries are striving to modernize their power plants, by combining several fuels, particularly biomass.