M’sia’s Success builds biodiesel plant

12 September 2006 07:41  [Source: ICIS news]

SINGAPORE (ICIS news)--Success Nexus, a Malaysia-based company, is planning to have its proposed 100,000 tonnes/year biodiesel plant to be fully operationally by end 2007, the company said on Monday.

Success has secured all the necessary licences for the unit, to be built on a 7-acre site at Lot F-1, Lumut Industrial Park, Lumut Port, Perak, Malaysia, a company official said.

The company is also targeting to increase the plant’s production capacity to 250,000 tonnes/year in two years, he added.

Success will adopt a patented European technology, which is currently being registered in the local and Southeast Asian regions, and will use crude palm oil as its main feedstock.

The plant can also use other feedstocks like recycled vegetable oil and animal fats, due to its multi-feedstock technology.

Success is jointly owned by local (60%) and European (40%) investors; of which Italian and Canadian partners account for 13%.

By: Gina Myung
+65 6780 4359

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