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BioEneco secures biomass fuel shipment to Philippines with Orion agreement

28/09/2022 07:58 PM

KUALA LUMPUR, Sept 28 (Bernama) -- Malaysia-based biomass fuel developer, manufacturer and supplier Bio Eneco Sdn Bhd (BioEneco) has secured the inclusion of Philippines as a port of call in its biomass fuel shipment agreement with PT Orion APAC Indonesia (Orion).

Initially, the agreement between BioEneco and Orion covered two shipments of palm kernel shell (PKS) per month to Thailand for a three-year period starting from April 2020 to March 2024, but now Philippines has also been included as a port of call,  Bio Eneco said in a statement.

A signing ceremony for this inclusion into the agreement was held recently at BioEneco’s factory in Port Klang.

Orion is the leading biomass fuel supplier in South East Asia, with years of experience in dealing with multinational corporations.

BioEneco managing director Oliver Yeo said the agreement will see the company delivering a total of 204,000 metric tonnes (MT) of PKS to the Philippines and Thailand annually.

"This will further bolster the company’s financial performance significantly in the next few years as well as enhance our reputation as a key player in the global green energy industry," he said in the same statement.

Orion chief executive officer Max Marcus said the global biofuel market has been growing exponentially in recent years, driven by the ever-expanding demand for cleaner and more sustainable energy.

-- BERNAMA


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