Oiltek International Limited has secured a new contract involving the design, fabrication, delivery, testing & commissioning of one new 550 metric tonnes per day (MTD) dry fractionation plant for producing refined, bleached, and deodorized (RBD) palm olien at an iodine value (IV) of 56 and one new 350MTD dry fractionation plant for producing of palm mid fraction at IV45.
The new contract brings the Group’s current order book to RM430.9 million, another new record high.
Mr Henry Yong Khai Weng, Executive Director and CEO of Oiltek, said, “The new
contract enables us to sustain our robust growth trajectory and has contributed to another new
record high order book of RM430.9 million. This achievement highlights the market recognition
of our reliable, innovative, diversified and comprehensive range of process and engineering
solutions. We remain dedicated to expanding our business, focusing on delivering substantial
growth and higher returns to our shareholders.”
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About Oiltek International Limited
Oiltek International Limited, an established integrated process technology and renewable energy solutions provider, specialises in the provision of reliable, innovative, diversified, and comprehensive range of refinery processes and engineering solutions for use across all different sectors of the vegetable oils industry value chain globally. The history of the Group can be traced back to its principal operating subsidiary, Oiltek Sdn. Bhd., which was incorporated in Malaysia on 1 December 1980. With over 42 years of track record, Oiltek has successfully designed, built and commercialised plants in more than 33 countries across 5 continents.
Oiltek 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.