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AsiaBio unit sign pact with US-based Cool Planet
by Cals Fri 21 Feb 2014, 01:43
AsiaBio unit sign pact with US-based Cool Planet
Business & Markets 2014
Written by Bernama
Thursday, 20 February 2014 20:26
KUALA LUMPUR (Feb 20): Asia Bioenergy Technologies Bhd's (AsiaBio) associated company, Nexfuel Ltd, has signed an agreement with US-based Cool Planet Energy Systems Inc, to set up fuel production plants in Malaysia, to transform non-food biomass into gas.
In a statement today, AsiaBio Executive Director, Looi Kem Loong, said the US$70 million plant, which would produce 10 million gallons of green gas, was targeted to be set up by 2016.
"This is a significant milestone in AsiaBio's corporate history, given the innovative bio-refinery technology that is set to change the world's perception on gasoline.
"This will definitely spur the growth of the company," he said.
Business & Markets 2014
Written by Bernama
Thursday, 20 February 2014 20:26
KUALA LUMPUR (Feb 20): Asia Bioenergy Technologies Bhd's (AsiaBio) associated company, Nexfuel Ltd, has signed an agreement with US-based Cool Planet Energy Systems Inc, to set up fuel production plants in Malaysia, to transform non-food biomass into gas.
In a statement today, AsiaBio Executive Director, Looi Kem Loong, said the US$70 million plant, which would produce 10 million gallons of green gas, was targeted to be set up by 2016.
"This is a significant milestone in AsiaBio's corporate history, given the innovative bio-refinery technology that is set to change the world's perception on gasoline.
"This will definitely spur the growth of the company," he said.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
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Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
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