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The US-based biochemical company Gevo Inc., which develops bio-based alternatives to petroleum-based products, will invest RM1.65bil in the Kertih BioPolymer Park in Terengganu.
LATE last month, Malaysia’s first shipment of oil palm biomass made its way to Italy. The objective is for preliminary analyses, testing and technology adaptation at a pilot plant there to verify whether the 12-tonne biomass comprising palm tree trunks, empty fruit bunches and fronds could be converted to non-edible industrial sugar for commercial-scale production.
PETALING JAYA: MYBiomass Sdn Bhd, a joint venture between the Malaysian Industry-Government Group for High Technology (MIGHT), Felda Global Ventures Holdings (FGVH) and Sime Darby Bhd, has dispatched its first oil palm biomass shipment for testing.
KUALA LUMPUR: Sime Darby Bhd’s third quarter ended March 31 net profit increased 6.8% to RM876mil on the back of a 8.8% increase in revenue to RM11.03bil compared with the previous corresponding period on better results from the plantation, industrial and property divisions. Earnings per share increased to 14.58 sen from 13.65 sen previously.
Sime Darby Bhd and Tenaga Nasional Bhd are reviewing the biogas project following the withdrawal of Mitsui & Co. Ltd as a partner.
KUALA LUMPUR: The newly-launched 1Malaysia Biomass Alternative Strategy Initiative (1MBAS) has been tasked to look at ways for all groups to enjoy maximum benefit from opportunities created by developing high-value products from biomass.