KUALA LUMPUR: Waste management services provider 5E Resources Holdings Bhd is poised to benefit from the government’s move to raise the biodiesel blend rate to B15, as increased waste generation from the biodiesel industry is expected to support its growth.
Chief executive officer Lim Te Hua said the group’s expansion in Johor Baru, slated to commence operations in the second half of 2026, will enable it to handle a larger share of waste from customers.
“Hopefully, with our PLO 321 facility (in Johor), we can handle more. Because of quota limitations, we currently take about 200 tonnes from their total volume,” he told reporters after the group’s listing ceremony here yesterday.
5E Resources debuted on the ACE Market of Bursa Malaysia at 28.5 sen, a premium of 2.5 sen over its initial public offering price of 26 sen, with 36.22 million shares traded. The stock was up 3.5% to close at 27 sen.
