Malaysian company to produce 6.48 BLN litres of Ethanol yearly
Kuala Lumpur, April 10 (NNN-Bernama) Pioneer Bio Industries Corp Sdn Bhd (PBIC), which is applying land to set up an ethanol industrial park in Perak, claims it can produce 6.48 billion litres of ethanol yearly when its planned refineries there begin operations in 2009.
Its chairman Md Badrul Shah Mohd Noor said the Perak state government has awarded the company the rights to harvest nipah sap on 10,000 hectares of land, for which it has to pay RM324 million yearly.
PBIC, a subsidiary of Pioneer Vaccination Biotech Corp Sdn Bhd, holds the patent to produce ethanol from nipah palm sap.
Ethanol needs of the United States alone stood at 22 billion litres last year, Md Badrul Shah said at a media briefing on the "National Biofuel Project based on Ethanol from Nypa Palm - Industrial Project Investment and Solution for Solving World Global Warming."
He said ethanol is forecast to provide 30 percent of global energy by 2020, up significantly from only two percent last year.
The company, according to him, will sign a multi-billion dollar contract with a major international company in July to supply nipah-based ethanol over a five-year period.
However, Md Badrul Shah declined to reveal the name of the company.