AsiaBio plans 3 new plants costing RM692.7mil


  • Business Premium
  • Friday, 21 Feb 2014

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.

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Business , AsiaBio , Cool Planet , biochar

   

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