Nextgreen inks MoU with Japan's IHI, Nomura for green tech

From left are Mitsutoshi Murakata, managing director, head of Asia Infrastrucuture project office, Nomura; Datuk Lim Thiam Huat, managing director of Nextgreem Global Bhd and Hiroshi Ide, executive officer, vice president of resources, ebnergy and environment business area, IHI Corporation.

KUALA LUMPUR:  Nextgreen Global Bhd has inked an MoU with Japan's IHI Corporation and Nomura Holdings Inc to undertake a green technology investment partnerships.

It said on Thursday it was developing a technology to convert empty fruit bunches (EFB) into pulp  and paper in order to solve environmental issues caused by wasted EFB in palm oil industry. Work has started on on the EFB pulp plant in Pahang. 

Nextgreen says IHI, which is listed on the Tokyo Stock Exchange, has vast experience and various knowledge in relation to energy solution and has begun commercial operation to produce pellet made from EFB pellets.

Under the MoU, the parties would agreed to conduct a study on the feasibility of the business.

Nextgreen, formerly known BHS Industries Bhd, manufactures of renewable pulp and paper products.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Next In Business News

Trading ideas: Tuju Setia, DNeX, GHL, GPacket, Econpile
Carlsberg's prospects for 2H recovery remain intact
Oil price tumbles from a 2-month high
ANALYSIS-Conflicts with Palestinians rarely leave a scratch on Israel's markets
Slumping US$ boosts metals, including tin and aluminium
Burry of 'Big Short' fame reveals large bearish bet against Tesla
Wall Street closes lower on weak telecom stocks despite strong retail earnings
A tough call
Japan’s economy shrinks, raising double-dip fears
Banking system remains strong, says Moody’s

Stories You'll Enjoy