Oiltek International Limited has recently secured new additional contracts in Malaysia and Indonesia amounting to a total of RM38.3 million.
The new contracts bring the cumulative value of new contracts secured in FY2022 to date to RM122.7 million. With the new contracts, the Group’s order book now amounts to RM193.3 million and is expected to be fulfilled over the next 18 to 24 months, barring any unforeseen circumstances.
Mr Henry Yong Khai Weng, Executive Director and CEO of Oiltek, said, “We continue to work hard to maintain our growth momentum by acquiring more projects in both the Edible & Non-Edible Oil Refinery and Renewable Energy segments. The latest contract wins reflect the underlying growth of the global palm oil industry, and Oiltek will continue to leverage its capabilities, technology know-how and proven track record to secure more projects in existing and new palm oil markets.”
The new contracts involve the design, fabrication, supply, and commissioning of a 500 metric tonnes per day (MTD) physical refinery incorporated with low colour refining and 3-monochloropropane diol (3MCPD) removal with washing, and a new dry fractionation plant with a capacity of 500 MTD of high IV olien based on IV 60 / 1,100 MTD of olien based on IV 56 in Malaysia; a new 1800 MTD physical refinery plant with low colour refining process in Indonesia; and a new centrifuge separator for washing process in an existing biodiesel plant supplied by Oiltek in Malaysia.
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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.
