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PalmTech Malaysia 2016

PalmTech Malaysia 2016

EVENT NAME PALMTECH MALAYSIA 2016
ORGANIZER WorldEx Trade Media Sdn Bhd
DATE 9th - 11th November 2016
TIME 9:00AM - 5:00PM
VENUE Sabah Trade Centre, Kota Kinabalu
LOCATION Sabah
EMAIL info@worldexasia.com
WEBSITE URL http://asiapalmoil.com/index.html


- Palm Oil Industry Facts -

MALAYSIA LAUNCHES OIL PALM BIOMASS CLUSTER IN SABAH
 
In a world’s first, five major players in the palm OIL industry have come together to form a biomass joint venture in Lahad Datu, Sabah, Malaysia, which will process oil palm waste into useful feedstock for businesses.
 
The five companies - Genting Sdn Bhd, Kelas Wira Sdn Bhd, Bell Corp Sdn Bhd, Teck Guan Industries Sdn Bhd and Golden Elate Sdn Bhd - signed the joint venture in late May. The cluster, led by the Malaysian government’s Innovation Agency (Agensi Innovasi Malaysia, or AIM), aims to address gaps in the MARKET between the biomass owners and downstream users such as bio-based chemical refineries.
 
The new cluster will now enable these companies to tap into the value of their biomass, said AIM, adding that companies from China, Korea, Italy and the United States have shown keen interest in joining the cluster.
 
Malaysia’s oil palm industry produces over 83 million dry tonnes of solid biomass per year,
with the volume expected to increase to between 85 and 110 million dry tonnes by 2020.

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