Oiltek International‘s wholly-owned subsidiary Oiltek Global Pte Ltd has signed a non-binding Memorandum of Understanding with SK SAF Sdn Bhd, setting up a framework of collaboration for a Sustainable Aviation Fuel biorefinery and integrated Pretreatment Unit (PTU) hub in Sarawak, Malaysia.
The Project is aligned with Sarawak’s Green Economy Transition Policy, transforming palm oil mill effluent and decanter cake into high-value renewable fuels. Unlike conventional refinery models, SK SAF’s design separates the PTU from the core biorefinery, creating a standalone profit centre intended to secure feedstock certainty, generate early revenue and reduce risk exposure. Oiltek will act as a PTU technology provider and an associate trading partner with SK SAF for feedstock and product markets.
The Board has cautioned that the Project is at a preliminary stage, with no definitive agreements entered into and no formal plans finalised or approved. Shareholders are advised to exercise caution when dealing in the Company’s securities and to refrain from relying on speculative information.
