Apart from expanding its core businesses through acquisitions, QL Resources may also evolve into an independent power producer with its palm biomass pelletising project, says managing director Chia Song Kun.
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QL Resources to evolve into an IPP? QL Resources' palm biomass project may potentially see the company evolve into an independent power producer (IPP). QL Resources' palm biomass project may potentially see the company evolve into an independent power producer (IPP).
Chia said excess electricity generated from the company's palm biomass pelletising project could be sold to state-owned utility Tenaga Nasional Bhd. Chia said excess electricity generated from the company's palm biomass pelletising project could be sold to state-owned utility Tenaga Nasional Bhd. “This concept is not green IPP yet,” he said.
Last Wednesday, the company said it had finalised the pre-commercialisation stage of the renewable energy project. This step enables the company to start commercialising the empty fruit bunch-based pellet, via the 40,000-tonne per year plant within its palm oil mill in Tawau, Sabah.
QL Resources' renewable energy initiative essentially uses palm oil mill effluent to generate methane. This in turn is used to generate electricity for the production of the pellets, deemed an alternative source of fuel to hydrocarbons such as coal.
The zero-waste renewable energy project, which constitutes a part of the company's bigger plan to develop palm biomass renewable energy business in Malaysia and Indonesia, will start operations by year-end.
First American Scientific Corporation yes, we are in the middle of sensitive negotiations as we speak, as you know, i just arrived back from KL and documentation is be prepared June 4 at 6:54pm
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