International trends
$15 million Oleochemical Facility coming up in Malaysia
Posted on : 22 May, 2015
In view of the growing demand for oleochemicals over the past several years, PHI Group, a company focused on energy and natural resources, has collaborated with Malaysia-based Fusion Crest to build an oleochemical plant in Johor, Malaysia. Estimated to be built at an investment of approximately $15 million, the facility will be funded by PHI Group, which will own 70% of the joint venture.
Fusion Crest owns a number of patents with processing technologies, which can convert non-edible oils or fatty acid distillates into oleochemical products such as C-16 palmitic acid, C8 / C10, C-12 lauric acid, C-14 myristic acid, methyl ester, methyl state / olate, refined glycerin and residue oil.
The planned facility will process 120t of fatty acid distillates a day and use equipment from Swiss company Sulzer Chemtech.
The new plant is slated to generate approximately $73.4m in revenue and $13.2m in profits before taxation from its second year of operation