Boilermech inks deal with Aussie firm

PETALING JAYA: Boilermech Holdings Bhd has entered into a 15-year agreement with Australia-based Commonwealth Scientific and Industrial Research Organisation (CSIRO) for the commercialisation of the latter’s patents, patent applications and know-how.

The agreement would focus on CSIRO technology that can enhance oil extraction from oil palm fruit in return for technology transfer fee to be paid to the Australian firm.

“The technology will provide an opportunity for Boilermech group to make further inroads into the biomass renewable energy sector, thereby broadening its scope of business activities and enhancing its profitability,” Boilermech told Bursa Malaysia.