Fitters Group's green mill makes inroads into Indonesia (9318)

KUALA LUMPUR: Fitters Group Bhd has secured a US$3.87mil (RM12.28mil) contract with PT United Kingdom Indonesia Plantations (UKINDO) for its green mill project.
It said on Friday its unit Future NRG Sdn. Bhd
would supply and commission the equipment for the dried long fibre
(DLF) and biogas power generation plants at UKINDO's palm oil mill
located at Blankahan, Sumatra.
Fitters said FNRG would provide management services to UKINDO for the project at the Blankahan palm oil mill.
It
added FNRG would have the exclusive rights to off-take any and all DLF
end-products produced at the Blankahan palm oil mill. FNRG would also
off-take the products, ranging from 9,000 tonnes to 10,000 tonnes.
Fitters
said the contract was in line with the group's entry into the renewable
energy sector, and in particular the biomass to energy sub-sector, "the
agreements will further enhance its thrust into the renewable energy
sector".
It also said the contract would enable the group to
showcase its "green mill" concept and also demonstrate its business
model to achieve a profitable zero waste management plan, for palm oil
mills.