The Edge Daily. Malaysian palm plantation company Golden Hope Plantations Bhd (GHope) is exploring investing between MYR114 million (US$30.2 million) to MYR138 million (US$36.6 million) to build a Dutch biodiesel plant.
GHope’s unit in the Netherlands is in discussions with an unnamed company in Europe for a plant with a capacity of 150,000 metric tons (approximately 34.5 million gallons) and which can be operational in 15 to 18 months time.
The plant would give GHope another way to tap into the growing biofuel market in the EU rather than just through the export of raw oil or biodiesel produced in Malaysia.
Golden Hope is partnering with the Malaysian Palm Oil Board on building the first biodiesel refinery in Malaysia. Expected to be completed in three years, the plant will produce 5,000 tonnes (approximately 1.15 million gallons) of biodiesel a month.(Earlier post.)