Kuala Lumpur, 28 September 2022 – Bio Eneco Sdn Bhd (BioEneco), a leading Malaysia-based biomass fuel developer, manufacturer and supplier, announced today that it has successfully achieved another milestone by incorporating the Philippines into its agreement with PT Orion APAC Indonesia (Orion), an international biomass fuel supplier & trader.
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. Now, the Philippines is also included as a port of call.
A signing ceremony for this inclusion into the agreement was held recently at BioEneco’s factory in Port Klang. BioEneco was represented by Managing Director Oliver Yeo, while Chief Executive Officer Max Marcus represented Orion.
Yeo said, “BioEneco is pleased to see our relationship with Orion grow from strength to strength. We are also encouraged and appreciative of Orion’s confidence and trust in our products and together, we trust we are able to expand our reach to cater to the needs of the biofuels industry in the region as well as globally.”
Yeo added, “This agreement will see BioEneco delivering a total of 204,000MT 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.
Max from Orion, “We are pleased to expand our current agreement with BioEneco as we have full confidence in the company’s capabilities and abilities as a progressive high-grade biomass fuel energy producer to deliver on its contractual obligations.”
“The global biofuel market has been growing exponentially over the recent years, driven by the ever-expanding demand for cleaner and more sustainable energy. We at Orion look forward to a long and fruitful partnership with BioEneco in the foreseeable future.”