Kumpulan Fima’s M$60m biodiesel unit being built

11 December 2006 10:37  [Source: ICIS news]

SINGAPORE (ICIS news)--Kumpulan Fima’s biodiesel unit was under construction and operations were expected to start by July or August 2007, a spokesman for the Malaysian company said on Monday. 

When completed, the ringgit (M$) 60m ($16m) plant will have a capacity of 60,000 tonnes/year using palm oil as feedstock, he added. 

The spokesman also noted that the plant’s location in Port Klang gives it a strategic advantage in terms of export logistics, as the plant will be directly connected with port facilities via a pipeline to transport biodiesel onto outbound tankers. 

He added that Kumpulan Fima’s target export markets are the US, Europe and northeast Asia. 

($1 = M$3.55)

ICIS Copyright © Reed Business Information 2009

Author: Keith Tan Liming
+65 6780 4359

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