Brooke Venture to plough $1 billion into Malaysian biofuel plant

 Up to $1 billion will be spent on the construction of a biofuels plant in Malaysia
Up to $1 billion will be spent on the construction of a biofuels plant in Malaysia

Investor Brooke Renewables will provide up to $1 billion (€800,000) over a five-year period to build a facility that converts inedible crops into green fuel.

Brooke Renewables, a venture comprising of Hock Lee Group, Brooke Asia and Biochemtex, will build a second-generation bioethanol and biochemical plant in Sarawak.

The 'Sarawak biomass hub' will be the first commercial facility in southeast Asia to produce second-generation biofuel from inedible crops.

Mark Rozario, CEO of the AIM agency, said the project may require as much as 20 billion Malaysian ringgit (€4.8 billion) in additional gross national income for the state and 21 billion ringgit in investment.

Beta Renewables will provide processing technology to the plant and Novozymes will supply enzymes.

Up to $1 billion will be spent on the construction of a biofuels plant in Malaysia