Straits Energy signs MoU for reforestation project


From left: Setiu Land Office chief assistant land administrator Zul Izhar Mohd Zulkifli, Setiu Land Office land administrator Ahmad Rizal Mamat, Terengganu state secretary and Terengganu State Parks chairman of management council Tengku Seri Bijaya Raja, Sultan of Terengganu Sultan Mizan Zainal Abidin, Terengganu Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar, Benua Hijau Sdn Bhd chairman Datuk Seri Tengku Baharuddin Ibni Sultan Mahmud Al- Muktafi Billah Shah, Terengganu State Park Management Council director Tengku Mohd Arifin A. Rahman and Board of Trustee Yayasan DiRaja Sultan Mizan Datuk Azizulrahim Ahmad Zambri.

KUALA LUMPUR: Straits Energy Resources Bhd’s subsidiary, Benua Hijau Sdn Bhd has signed a memorandum of understanding (MoU) with the Management Council of Terengganu State Parks (MPTN) and the Setiu Land Office.

The MoU is for a multi-year reforestation project to restore degraded forest areas in the Setiu Wetlands State Park, one of the largest natural wetland in the East Coast region of Peninsular Malaysia.

Benua Hijau, a 51%-owned unit of Straits, is focused on the development and execution of environmental and social sustainability initiatives.

As part of this reforestation project, Benua Hijau plans to plant 100,000 Pokok Gelam (melaleuca) trees across a land area of 200 acres, the equivalent of 113 soccer fields.

Straits Energy said the reforestation activities, which will take place over five years, will be focused on a designated area surrounding Tasik Berombak within Setiu Wetlands.

“Benua Hijau will coordinate activities across this designated area, including the physical planting of the trees and community engagement activities. Benua Hijau will also invest in the setting up of a dedicated nursery and research center to prepare Gelam saplings and study the Gelam ecosystem and value chain,” it said in a statement.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

CIMB’s succession planning coming into sharp focus
Setting an upbeat tone
Sime Darby Property banking on good prospects continuing
Strong earnings visibility for Matrix Concepts
Japan takes Taiwan’s helping hand in chip ops
Quebec pension hit with real estate loss as ‘hostile’ market persists
TRX takes the spotlight
Central Europe shoppers still shell-shocked
UMWT to drive green mobility growth
Soul-searching for ringgit solutions

Others Also Read