CAROTECH Bhd, a homegrown biotechnology company that has achieved some measure of success and recognition as a pioneer in the field, plans to invest over RM100mil in research and development (R&D) to produce more commercially viable biodiesel products.
Carotech, a 51%-owned subsidiary of Hovid Bhd, specialises in the extraction of tocotrienol (found in most vitamin E), carotene complex (vitamin A) and phytosterols (sterols) from crude palm oil (CPO) used in dietary supplements for pharmaceutical products, beverage, food and cosmetics.