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.
As for the biogas project, it would be undertaken under the Clean Development Mechanism (CDM) programs in Sarawak, Carbon Capital said in a statement here today.
Both companies signed a Memorandum of Understanding (MoU) to seal the deal at the launching of the Sarawak Corridor of Renewable Energy (SCORE) yesterday.
Carbon Capital, a Malaysian based company with offices in Bangkok, Kuala Lumpur, Kuching, New Delhi and Tokyo, provides end-to-end multi solutions in establishing CDM projects in Malaysia.
CDM is an arrangement under the Kyoto Protocol allowing industrialised countries with a greenhouse gas reduction commitment to invest in projects that reduce omissions in developing countries as an alternative option to undertake expensive emission reductions in their own countries.
JCM, with its office in Nagoya, is a wholly owned member of Magna International Co. Ltd Japan, with its key businesses comprising trading in carbon credits and investment in CDM projects.