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.