World's largest high-growth specialty refinery complex at Lahad Datu POIC
Published on: Tuesday, April 21, 2015
Kota Kinabalu: A joint-venture by Genting Plantations Bhd and US-based Elevance Renewable Sciences will see the development of the world's largest high-growth specialty refinery complex at the Palm Oil Industrial Cluster in Lahad Datu. Biotech Corp's Chief Executive Officer Datuk Dr Mohd Nazlee Kamal said it will be one of the high impact projects that will use oil palm as base involving a RM2 billion investment to build the Integrated Bio-Refinery Complex. Under the 25:75 collaboration a 240,000 metric tonne metathesis biorefinery will be set up using Elevance's proprietary metathesis technology.
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It will also produce renewable, high-performance olefins and speciality chemicals that can be used in multiple end-product applications, including lubricants and surfactants and detergents. The project is considered one of the Entry Point Projects in Sabah. "It will produce high-value live derivates from the oil palm," he said. "In terms of technology it is the first in the country." The collaboration will also see Genting paying Elevance licence and design fees, and Elevance will provide the intellectual property rights, knowledge transfer, technical and consulting services.
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Elevance will also be exclusively responsible for the sale of all specialty chemicals that are produced at the bio-refinery, a statement from the Elevance Renewable Sciences website revealed. Meanwhile, Dr Mohd also pointed out that Sabah is also home to the largest single Patchouli oil producer in the world.
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Patchouli oil (Nilam) is a chemical used as base for almost all types of perfumery, which comes from the Patchouli plant. Stay up-to-date by following Daily Express’s Telegram channel.
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