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BioEneco to expand its biomass fuel sales

BioEneco to expand its biomass fuel sales

17 Oct 2022

Biomass fuel developer, manufacturer and supplier Bio Eneco Sdn Bhd (BioEneco) is on track to expand its biomass fuel sales in Japan, South Korea, Thailand and the Philippines in tandem with increased demand from these countries.

The company has planned to supply 2.3 million tonnes of biomass fuels globally for the next three years. However, it aims to focus on Japan, which has a projected total biomass demand of 23 million tonnes in 2025, nearly triple the current rate.

BioEneco planned to expand its biomass hub near Northport, Port Klang, to facilitate its global expansion.

Managing director Oliver Yeo noted that Japan is the fifth largest biomass market in the world.

“Following the 2011 Fukushima Daiichi Nuclear Accident, the Japanese government shifted from fossil dependency to renewable energy, aiming to account for 22-24 per cent of its electricity mix by 2030.

“BioEneco has secured contracts with top multinational corporations to supply biomass fuels to power plants in Japan and is expecting to secure more in the upcoming months.

“As a leading biomass fuel developer, manufacturer and supplier with a strong presence in the region, we are confident that our high-quality products will be able to meet Japan’s demand,” he said.

In addition, BioEneco was contracted to supply biomass fuel products to South Korea, Thailand and the Philippines.

The first bulk palm kernel shell (PKS) shipment, weighing 6,800 tonnes, to the Philippines was shipped by BioEneco and arrived at the Port of Manila recently.

PKS is widely used as a clean and efficient alternative to traditional mined coal for energy generation.

Source: NST