News & Events


Datuk Peter Chin POIC Lahad Datu site visit

The Minister of Plantation Industries and Commodities Datuk Peter Chin Fah Kui visited POIC Lahad Datu Site on 6th January.

The world’s biggest palm-based biodiesel plant, to be built in Sabah at an estimated cost of RM300 million, will have a production capacity of 300,000 tonnes a year.

The proposed plant to be built at the Palm Oil Industrial Cluster (POIC) in Lahad Datu is collaboration between POIC Sdn Bdh, Surja Sama Resources Sdn Bhd and South Korean Eco Solutions Co Ltd.

POIC chief executive officer Dr Pang Teck W&nbspai said the first phase of the project is expected to begin this year with an investment of about RM 150 million.

The Minister of Plantation Industries and Commodities Datuk Peter Chin Fah Kui visited POIC Lahad Datu Site on 6th January.

The world’s biggest palm-based biodiesel plant, to be built in Sabah at an estimated cost of RM300 million, will have a production capacity of 300,000 tonnes a year.

The proposed plant to be built at the Palm Oil Industrial Cluster (POIC) in Lahad Datu is collaboration between POIC Sdn Bdh, Surja Sama Resources Sdn Bhd and South Korean Eco Solutions Co Ltd.

POIC chief executive officer Dr Pang Teck Wai said the first phase of the project is expected to begin this year with an investment of about RM 150 million.

“Planning for the project is now in the final stages,” he told reporters after a visit by Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui to the POIC site yesterday.

Pang said the first phase of the POIC, covering about 200ha, will be ready before the year-end.

He said 21 companies have expressed an interest to set up palm oil-related down-stream processing operations at the POIC.

The companies are into biodiesel (seven), refinery (three), food (three), fertilizer (two), palm kernel crushing (one) and biomass (one).

“At least 16 of the companies are genuinely interested to invest in the POIC,” Pang said, adding that if the interest becomes reality, the estimated investment will be about RM1.6billion.

Meanwhile, Chin said his ministry fully supports the POIC and will render the necessary assistance, especially in terms of providing infrastructure.

“Planning for the project is now in the final stages,” he told reporters after a visit by Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui to the POIC site yesterday.

Pang said the first phase of the POIC, covering about 200ha, will be ready before the year-end.

He said 21 companies have expressed an interest to set up palm oil-related down-stream processing operations at the POIC.

The companies are into biodiesel (seven), refinery (three), food (three), fertilizer (two), palm kernel crushing (one) and biomass (one).

“At least 16 of the companies are genuinely interested to invest in the POIC,” Pang said, adding that if the interest becomes reality, the estimated investment will be about RM1.6billion.

Meanwhile, Chin said his ministry fully supports the POIC and will render the necessary assistance, especially in terms of providing infrastructure.


POIC chief executive officer Dr. Pang Teck Wai giving briefing about POIC

 

Ministers –praying before the seminar started

 

Listening to Dr. Pang briefings about POIC

 

Some displays of palm oil products


 News Clippings:

Daily Express - January 07, 2006 (Saturday)
 
Daily  Express Cont' - January 07, 2006 (Saturday)
 
News Strait Times - January 07, 2006 (Satuday)
 
Overseas Chinese Daily News - January 07, 2006 (Saturday)
 
Overseas Chinese Daily News - January 07, 2006 (Saturday)
 
Overseas Chinese Daily News - January 10, 2006 (Tuesday)

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