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Corporate News

Sime Darby Plantation sells Verdant stake

PETALING JAYA: Sime Darby Plantation Bhd’s indirect subsidiary Ultra Oleum Pte Ltd has sold its entire 52% equity interest in Verdant Bioscience Pte Ltd to SIPEF and Ackermans & van Haaren NV (AVH) for US$8.61mil (RM37.4mil) cash.

Business

UK electricity plant nears full switch away from coal

London: As the coronavirus pandemic undermines the production of cleaner renewable fuels, the United Kingdom’s biggest electricity plant is close to using only biomass following a bumpy transition away from coal.