Malaysian, Chinese Firms Joint Venture to Make HVO, SAF

China’s state-owned companies will collaborate with Malaysian firms as well as the Malaysian Palm Oil Board (MPOB) to produce oil palm-based product involving RM6 billion (USD1.35 billion) in foreign direct investment, reports the Bernama on July 26.  
Prime Minister Datuk Seri Ismail Sabri Yaakob said the products are hydrotreated vegetable oil (HVO) and sustainable aviation fuels (SAF).  He said the development of the maiden HVO and SAF plant in Malaysia is an initiative to drive the palm sector towards high-tech and high-value industries.
 
The companies from China are Shanxi Construction Investment Group Co Ltd (SCIG) and the Institute of Coal Chemistry, Chinese Academy of Sciences (ICC-CAS) while the Malaysian partners include Benalec Holdings Bhd’s subsidiary Pengerang Maritime Industries Sdn Bdh and Sabah Oil and Gas Development Corporation (SOCDC).