Nextgreen Global enters JV for biodiesel trading

KUALA LUMPUR: Nextgreen Global Bhd's wholly-owned subsidiary Nextgreen Resources Sdn Bhd has entered into a joint venture with P Teguh Services Sdn Bhd via a special purpose vehicle for the purpose of trading in biodiesel products.

In a filing with Bursa Malaysia, Nextgreen said the JV will engage in the business of trading, supply and export of biodiesel, edible cooking oil and related products including equipment and facilities, construction of depot and other related businesses as mutually agreed upon by the parties.