Oiltek International Limited has been awarded a new contract to design, fabricate, supply, and commission a new 800 metric tonnes per day (MTD) physical refinery plant, a new 1,200MTD dry fractionation plant and a new 500MTD bleaching plant in Malaysia.
Oiltek has also secured other new contracts from Malaysia, Indonesia and Pakistan amounting to RM35.2 million. The additional new contracts include:
• a new 100MTD physical refinery plant in Pakistan;
• the upgrading of an existing 600MTD dry fractionation plant in Indonesia; and
• a new glycidyl fatty acid esters (“GE”) mitigation system for an existing 1500MTD refinery
plant in Malaysia.
The new contract wins cumulatively bring the new contracts for FY2022 to RM84.4 million in value, and the Group’s order book value to date continues to remain high at RM178.2 million, which is expected to be fulfilled over the next 18 to 24 months.
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About Oiltek International Limited
The Group operates three key businesses – Edible & Non-Edible Oil Refinery, Renewable Energy, and Product Sales and Trading.
For its Edible & Non-Edible Oil Refinery segment, the Group provides engineering, procurement, designing, construction and commissioning (“EPCC”) services for edible and non-edible oil refining plants, downstream specialty products and processing plants; upgrading and retrofitting of existing facilities; and turnkey outside-battery-limits (“OSBL”) infrastructure engineering.
For the Group’s Renewable Energy segment, Oiltek provides services for renewable energy industries including EPCC of multi-feedstock biodiesel, enzymatic biodiesel, winter fuel, and palm oil mill effluent (“POME”) biogas methane recovery plants; upgrading and retrofitting of existing facilities; and turnkey OSBL infrastructure engineering which includes the environmental solutions and integration into steam and power generation.
Oiltek’s Product Sales and Trading segment generates recurring income for the Group, and its services include engineering component sales, agency and distributorship, and specialty chemical product trading.
