Cool Planet, Acritaz plan to build biorefineries in Malaysia

01 October 2013 18:59  [Source: ICIS news]

HOUSTON (ICIS)--US biofuels company Cool Planet Energy Systems has signed an agreement with Malaysia biotechnology firm Acritaz Greentech to explore the construction of multiple commercial facilities in the Asian county, the companies announced on Tuesday.

Acritaz intends to commit $60m (€44m) to the first biorefinery in Johor, which will use Cool Planet’s platform technology to convert biomass raw materials, such as palm plantation waste, into cellulosic fuels for the Asian market.

Construction on the first plant could start in 2014.

The companies will then work to build multiple facilities across Malaysia, with Acritaz purchasing proprietary equipment and consumables from Cool Planet in the construction and operation of the facilities.

“We are pleased to be working with Acritaz Greentech, a group that is known for their technology leadership in biomass processing and biotechnology in Malaysia, to deploy our biofuels and biochar technology,” said Howard Janzen, CEO at Cool Planet. “This is another validation of our technology, as we begin to build partnerships that will commercially deploy our bio refineries outside the US.”

In the US, Cool Planet plans to build three biomass-to-gasoline plants in Louisiana.

($1 = €0.74)

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By: Tracy Dang
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