07. Jan 2016

Newlight, Innogas and FGV collaborate in Malaysia on biodegradable polymers from palm oil waste

The world’s largest crude palm oil producer - Malaysia-based Felda Global Ventures Berhad – is collaborating with Newlight Technologies and Innogas Technologies on a project aimed at the development of biodegradable polymers from palm oil biomass waste in Malaysia.

A Memorandum of Understanding was signed by the three companies late December 2015. The MoU will remain valid for six months or such extended period as will be agreed in writing by the parties.FGV-Newlight-Innogas MoU
Based in California, Newlight Technologies has developed a carbon capture technology that combines air with methane-based greenhouse gas emissions to produce a thermoplastic material called AirCarbon. Innogas Technologies is a Malaysia-based consulting company specialized in process plant engineering and technology for chemical and renewable energy.

FGV Group President and CEO Dato’ Mohd Emir Mavani Abdullah said as part of the company’s commitment to sustainability, it is always looking for innovative ways to manage its palm oil waste effectively.
The collaborative sustainable biomass project is also aimed at diversifying and further developing the company’s new revenue streams, in line with a core pillar in its five-year transformation strategy of revenue enhancement.

“This waste to wealth project will elevate the sustainability standards of the palm oil industries in Malaysia and the region as a whole, significantly reducing carbon emissions emitted,” said Dato Emir.

“FGV is keen to partner with Newlight Technologies and Innogas Technologies through this MOU to bring the first cost effective technology in the world to produce biodegradable plastic by processing 100% of bio-waste from our palm oil mills.”

Newlight Technologies will convert biogas from FGV’s palm oil mills into AirCarbon thermoplastics.
“Together, FGV and Newlight Technologies have the opportunity to make important economic and environmental progress, and we look forward to working together in this project,” said CEO Mark Herrema.

The project will launch in Q2 2016. Construction of the first plant will take around 14 months and is slated to begin in Q4 2016. The partners plan to expand the project to 10 palm oil mills over the next five years.
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Innogas Technologies CEO Denny Yeoh said; “Innogas Technologies holds an exclusive license for a patented state-of-the art technology to process ligno-cellulosic biomass material such as palm oil mill waste which generates a significant amount of biogas, compared to conventional technologies.

“The Company will transfer this license to the joint-venture company, which will then have the exclusive use of this license in Malaysia.”(KL)

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