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Saturday, June 27, 2015

Fitters Diversified to supply renewable energy to Tenaga over 16 years

KUALA LUMPUR: Fitters Diversified Bhd’s biomass plant in Baling will supply renewable electricity to the national grid for 16 years, starting in February 2016.

Fitters said on Friday its green mill in Baling would generate biogas from palm oil mill effluent (POME) in a biogas capture plant and convert it into electricity using its  biogas engine generators.

The green mill would also produce dry long fibre, typically used to produce mattresses and other industrial applications, as well as biofuel briquettes from empty fruit bunches.

The company’s unit Future Biomass Gasification Sdn Bhd had recently inked a renewable energy power purchase agreement with Tenaga Nasional Bhd to supply the power.

Fitters said the signing followed after Future Biomass Gasification  received a feed-in approval from the Sustainable Energy Development Authority Malaysia (SEDA) to generate up to two megawatts from renewable resources.  

The biogas capture plant project is an integration between the existing palm oil mill and the group’s state-of-the-art green technology. 

Fitters managing director Datuk Richard Wong said the signing of the agreement to provide renewable power was a great milestone for the company and the palm oil milling industry. 

”Not only is our technology capable of converting the untreated waste, we are also amongst the first few private green mills that will be connected to the national grid.

“We are confident that once implemented and operational, our green mill will be a viable and sustainable alternative to convert palm oil mill waste into renewable energy and resources. The group also targets to introduce our green technology to other palm oil mills in Malaysia,” Wong said after the company’s AGM.

He said Fitters also received pioneer status’ approvals from the Malaysian Investment Development Authority (MIDA), for the production of DLF and Biofuel Briquettes, as well as for the biogas capture and power plant. 

With the pioneer status, Fitters will enjoy 70% tax-exemption for up to five years to produce dry long fibre, 100% tax-exemption for up to 10 years to produce biofuel briquettes, and 100% tax-exemption for up to 10 years to generate electricity using biogas. 

“Currently, there are about 450 palm oil mills in Peninsular and East Malaysia, which denotes the high potential for this Green Mill Technology to be adopted and replicated. 

“With government regulations in place to reduce waste and safeguard the environment, we believe that our green technology is a sustainable method to monetise wastes by turning them into valuable industrial products and energy,”  Wong said.

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