Shanxi will build Green diesel refineries & bring their china downstream oil&gas companies here

Sources quoted that Shanxi will be the substantial shareholder & jointly develop the whole 1750 acres Pengerang land! what a very good news!!

https://www.freemalaysiatoday.com/category/business/2021/12/13/malaysia-moving-into-2nd-generation-biojet-fuel-production/

https://www.malaymail.com/news/malaysia/2021/12/13/zuraida-malaysia-has-started-production-of-second-generation-biodiesel-bioj/2028047

https://www.nst.com.my/business/2021/12/753889/mpob-chinese-partners-produce-biodiesel-and-biojet-fuel-malaysia

https://www.bernama.com/en/news.php?id=2033096

i heard the land area under this MOU is 460 acre. the news said rm3 bil investment for the construction of the plant. anyone know the land price?!

many news today on benalec

Malaysia venturing into second-generation biodiesel, biojet fuel production, says Zuraida

KAJANG (Dec 13): Malaysia has ventured into the production of second-generation biodiesel and biojet fuels, which are expected to be commercialised for the global market in the next four to five years, according to Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.

She said this significant milestone was achieved following the signing of a memorandum of understanding (MoU) on the technical exchange on the production of second-generation biodiesel and biojet fuels in Malaysia on Monday (Dec 13).

The MoU, entered into by the Malaysian Palm Oil Board, Pengerang Maritime Industries Sdn Bhd, Shanxi Construction Investment Group Co Ltd, and the Institute of Coal Chemistry, Chinese Academy of Sciences will see the setting up of a hydrogenated vegetable oil (HVO) plant in Pengerang, she said.

The HVO plant has the potential to produce sustainable aviation fuels (SAFs) known as biojet fuels, which involve the cracking and hydrogenation of palm oil to become a hydrocarbon fuel that can be utilised for the aviation industry.

Approximately RM3 billion investment is needed for the construction of the plant, including land acquisition and infrastructure, Zuraida said, citing the first phase of the plant would have 500,000-tonne-capacity production per annum.

“This collaboration on the HVO plant in Malaysia will further promote economic growth. I firmly believe that this project will add more value to Malaysian palm oil products by strengthening trade exchange of high-value-added products,” she told a press conference after the MoU signing ceremony here.

https://www.theedgemarkets.com/article/malaysia-venturing-secondgeneration-biodiesel-biojet-fuel-production-says-zuraida