Biodiesel plant sold in Malaysia

Australia-based Sterling Plantations has recently sold a biodiesel plant to Malaysian company Gentings Plantations (GP).

The plant, reported to be worth around RM33 million (€7.3 million), is located in Sabah and represents the second facility of its kind to be purchased by GP.

GP has a subsidiary named  ACGT, which is a business that focuses on developing genomics-based solutions to increase productivity and enhance value creation from oil palm and other crops.