PETALING JAYA: Asia Bioenergy Technologies Bhd (AsiaBio), via associate Nexfuel Ltd, is targeting to construct up to three fuel production plants costing US$70mil (RM230.9mil) each, and securing the offtakers by the first half of the year. The plants will have a capacity of 10 million gallons each.
AsiaBio is in talks with a couple of plantation companies and is hoping to construct two plants in Johor and one in Pahang. The first plant is targeted to be set up by 2016.
