Country

Malaysia

Date

08/10/2013

Entity

Evolution Energy LLC

Product

Biofuel

Category

Deployment

Summary

Evolution Energy LLC signs a MOU in Malaysia with a view to the production of road and aviation biofuels

State-owned POIC Sabah Sdn Bhd, the developer of Lahad Datu Palm Oil Industrial Cluster (POIC Lahad Datu), signed a memorandum of understanding with Evolution Energy LLC of the United States that could translate into a RM500 million investment to produce gasoline, diesel, aviation fuel and clean burning coal from oil palm fronds and trunks by late 2015.

If all goes according to plan, Evolution Energy is expected to acquire some 50 hectares of land at POIC Lahad Datu for five plants - three for the production of liquid biofuels and two for manufacturing the environment-friendly Nucoal, a solid biofuel. These plants are estimated to require up to one million tonnes of biomass annually, mainly fronds and trunks, but empty fruit bunches (EFB - from palm oil mills) and wood wastes from the State's timber industry could also be used.

This announcement came in the wake of the launch last June of the Biomass Joint-Venture (JV) Cluster concept aimed at aggregating sufficient volumes of biomass for a portfolio of downstream processing activities by having oil palm companies coming together to supply biomass (Link). It is seen as the keyfor generating the targeted RM30 billion additional revenue from biomass as envisaged in Malaysia's National Biomass Strategy 2020, developed by AIM and part of the Malaysia's Economic Transformation Programme.

Read more on DailyExpress.com

Short Description

​Evolution Energy LLC signs a MOU in Malaysia with a view to the production of road and aviation biofuels

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Created at 10/10/2013 9:48 AM by NOVELLI, Philippe
Last modified at 10/10/2013 9:48 AM by NOVELLI, Philippe