Asiatic JV eyes oil palm biomass plant
Asia has long fuelled the biofuels boom with its oil-rich feedstocks. It is now using the feedstock waste for generation of green power.
Asiatic Group (Holdings) will take a 30% stake in joint venture to develop a RM150 million (€29.9 million) biomass project in Perak to convert empty oil palm fruit bunches into electric power.
The group, through subsidiary,
Colben Energy (Singapore) Pte, expects to invest about RM10 million in the JV company, Maju Intan Biomass Energy, which has obtained approval from the Malaysian Government under the Small Renewable Energy Programme to develop the 10MW biomass power plant.
Asiatic Group (Holdings) will take a 30% stake in joint venture to develop a RM150 million (€29.9 million) biomass project in Perak to convert empty oil palm fruit bunches into electric power.
The group, through subsidiary,
Colben Energy (Singapore) Pte, expects to invest about RM10 million in the JV company, Maju Intan Biomass Energy, which has obtained approval from the Malaysian Government under the Small Renewable Energy Programme to develop the 10MW biomass power plant.
Loading ...
