Nextgreen IOI Pulp inks MoU with Xiamen C&D for pulp production facility

From left: Nextgreen Global Bhd managing director Datuk Lim Thiam Huat, Xiamen C&D Inc CEO Lin Mao and IOI Group group managing director and chief executive Datuk Lee Yeow Chor.

KUALA LUMPUR: Nextgreen Global Bhd’s 55%-owned subsidiary, Nextgreen IOI Pulp Sdn Bhd (NIP) has signed a memorandum of understanding (MoU) with Xiamen C&D Paper & Pulp Group Co. Ltd to establish a joint venture company (JVC) for a paper pulp production facility in Green Technology Park, Pekan, Pahang.

In a filing with Bursa Malaysia, Nextgreen said the pulp production facility would have an initial capacity to produce 100,000 tonnes per annum of paper pulp, made from oil palm empty fruit bunches (EFB), using the patented preconditioning refiner chemical-recycle bleached mechanised pulp (PRC-RBMP) technology.