KKD Biotech to build biodiesel unit in Malaysia

05 January 2007 09:25  [Source: ICIS news]

SINGAPORE (ICIS news)--KKD Biotech planned to invest ringgit (M$) 100m ($28.5m) to build a biodiesel unit in Malaysia, a senior company official said on Friday.

The Malaysian company was evaluating two sites, Lahad Datu and Sandakan, both in Sabah state, for the proposed 100,000 tonne/year plant, its chief executive officer Bianis Bonipasius told ICIS news.

The two towns had palm oil feedstock supplies and were near ports which would facilitate the company’s plans to export its product to China and Europe, he added.

The unit, to come onstream in early 2009, will use refined, bleached, deodorised (RBD) palm oil as feedstock. This will be supplied by KKD Biotech’s partners, owners of oil palm plantations.

Bonipasius said he has received proposals from four technology licensors, one local firm and three from Europe.

A separate European company has also expressed interest to bid for the engineering, procurement and construction (EPC) contract.

The company will evaluate all bids in March or April, Bonipasius said, adding that he expected construction to start by the second half of 2008.

($1 = M$3.51)

By: Keith Tan Liming
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly