Boilermech inks deal with two partners to boost future earnings

Strategic partnership: (from left) Leong, Plantation Industry and Commodities Minister Datuk Amar Douglas Uggah Embas CSIRO director Nick Pagett at the MoU signing. — Bernama

PETALING JAYA: Biomass boiler maker Boilermech Holdings Bhd has signed a 15-year agreement and a memorandum of understanding (MoU) with two separate partners that could impact its future earnings positively.

First, the company has signed an agreement with Commonwealth Scientific and Industrial Research Organisations (CSIRO) for the commercialisation of CSIRO’s patented technology that will enhance the oil extraction efficiency.