KUALA LUMPUR: Elridge Energy Holdings Bhd’s wholly-owned subsidiary, Bio Eneco Sdn Bhd has entered into a memorandum of understanding (MoU) with PT Orion APAC Indonesia (Orion) for the sale and purchase of palm kernel shells.
Under the terms of the MoU, Elridge Energy will supply Orion with 150,000 tonnes of palm kernel shells annually over a three-year period, beginning in April 2025 and concluding in March 2028.
