Monday, 24 February 2014

CoolPlanet related press release - Malaysia

"Asia Bioenergy Technologies Bhd (AsiaBio), via associate Nexfuel Ltd, is targeting to construct up to three fuel production plants costing US$70mil (RM230.9mil) each, and securing the offtakers by the first half of the year. The plants will have a capacity of 10 million gallons each.AsiaBio is in talks with a couple of plantation companies and is hoping to construct two plants in Johor and one in Pahang. The first plant is targeted to be set up by 2016"

"We will secure the offtakers before tying up with the plantation companies to set up the plant. We intend to put biochar into our existing product, a microbe we have branded under the name ‘Artisan’."

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