Category Archives: Crude Palm Oil

Borneo Energy to acquire equity interests in sustainable power

March 3, 2008 (Datamonitor) – Sustainable Power has announced that Borneo Energy Sendirian Berhad, a wholly owned subsidiary of Borneo Oil and Gas, has entered into a share subscription agreement to purchase 50 million restricted shares of Sustainable Power.

The initial deposit required per the agreement has been received by Sustainable Power (SSTP). Sustainable Power also entered into a technical collaboration term sheet with Borneo Energy Sendirian Berhad (BOE). Continue reading

Carbon Capital to invest RM150m in biogas, biomass plants

March 3, 2008 (The Edge Daily) – Carbon Capital Corp Sdn Bhd will launch RM150 million worth of biogas and biomass projects in Sarawak next month as part of its long-term strategy for growth.

“We will be launching four biogas projects and one 10 megawatt biomass power plant there, utilising empty fruit bunches (from oil palm).

“These are all projects which we will be investing in and developing 100%,” Carbon Capital group managing director William Kho said.

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Poonpirom wants to make Thailand world-class ‘green energy’ hub

February 28, 2008 (Bangkok Post) – Thailand is developing a master plan to build the country into the world’s second largest green energy producer after Brazil. Energy Minister Poonpirom Liptapanlop said she wanted to see the country become a net exporter of green energy to tap strong global demand.

To achieve the goal, authorities plan to develop a 15-year Renewable Energy Development Plan to cover the full range of alternative energy businesses including gasohol, biodiesel, biomass, wind and solar power, she said yesterday. Continue reading

TSH to reap benefits from carbon credits (Malaysia)

February 20, 2008 (The Star Online) – As the world’s second largest crude palm oil producer, Malaysia has great potential to reap revenue from certified emission reduction (CER), or carbon credits. According to Aseambankers, palm oil milling, which produces organic waste, create opportunities to generate CERs. It named plantation player TSH Resources Bhd as one of the beneficiaries of CERs in Malaysia.

“Thanks to its biogas power generation, the group qualifies to sell carbon credits, potentially generating an estimated 300,000 tonnes of carbon dioxide equivalent in carbon credit points per annum,” Aseambankers said in a recent report.

The research unit added that TSH had already secured annual sales of 150,000 CERs to a European buyer. Continue reading

Malaysian-Japan JV In RM1 Bln Biodiesel, Jatropha & Biogas Deal In Sarawak

February 12, 2008 (Bernama) – Carbon Capital Corporation Sdn Bhd will join hands with Japan Carbon Mercantile Co. Ltd to develop a multi-feedstock diesel plant in Tanjung Manis in Sarawak, Jatropha and oil palm plantations as well as a biogas renewable projects in the state covering five years involving investments no less than RM1 billion initially.

The multi-feedstock plant would have an annual capacity of about 240,000 tonnes per year and bulking facilities in Tanjung Manis while the Jatropha and oil palm plantations would cover an acreage of 100,000 hectares. Continue reading

Thailand’s greener energy future

February 11, 2008 (Bangkok Post) – To cope with high oil prices and reduce greenhouse gas emissions, Thailand must pursue four options: development of renewable energy, energy efficiency, nuclear energy and carbon capture and storage. However, renewable energy has certain limitations, and options for each country are different depending on availability of natural resources, technologies and manpower. This is why the Thai government has mainly concentrated on renewable energy based on domestic raw materials and wastes.

Financial incentives together with the provision of information to investors and consumers have proved to work wonders, for instance in the promotion of biofuels. The consumption of gasohol (E10) more than doubled in 2007. With the introduction of E20 in 2008, daily demand for ethanol should reach two million litres by 2011 when new cars capable of using E85 should be on sale.

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Rethinking biofuels in the Philippines

January 23, 2008 (Inquirer.net) – The hottest debate in town involves something vital to motorists: fuel.  Sen. Miriam Defensor-Santiago, who ironically enough authored the Biofuels Act of 2007, wants to apply the brakes on its implementation, citing the recent warning of 1998 Nobel laureate for chemistry Dr. Hartmut Michel that our government’s biofuels program could endanger the country’s food security and harm the environment.  The Biofuels Act, which was signed into law in January 2007, requires the oil industry to sell diesel with a minimum 1 percent biodiesel blend (B1) within three months after the signing of the law and gasoline with 5 percent bioethanol (E5) in two years. The Biofuels Act aims to reduce the nation’s dependence on imported fossil fuels, save hundreds of millions of dollars in foreign exchange annually, cut the carbon-dioxide emissions believed to cause global warming and revive the moribund sugar and coconut industries. Continue reading