Singapore, 16 April 2025 – Oiltek International Limited, a leading integrated process technology and renewable energy solutions provider listed on the SGX Catalist, has announced the signing of new contracts worth approximately RM61.9 million (S$17.6 million) across key international markets, including Africa, the Americas, Thailand, Indonesia, and Malaysia1.
The fresh contracts underscore Oiltek’s resilience and global competitiveness, further diversifying its client base at a time of ongoing economic uncertainty. With these wins, the company’s order book has grown to about RM402.4 million, with fulfillment expected over the next 18 to 24 months, provided there are no unforeseen disruptions1.
Project Portfolio and Impact
The newly secured projects span a broad spectrum of engineering and construction activities:
- Africa: Design, fabrication, delivery, testing, and commissioning of a new 25 metric tonnes per day (MTD) soapstock acidulation plant.
- Thailand: A new 360 MTD dry fractionation plant.
- Indonesia: A new 300 MTD dry fractionation plant.
- Americas: Two new 200 MTD physical refinery plants and two new 200 MTD dry fractionation plants for new customers.
- Malaysia: Construction and installation of storage tanks for a new palm oils & fats refinery complex; demolition of an anaerobic digester tank and upgrading of the desulfurisation unit for an existing POME-Biogas Capture Plant; engineering consultancy for upgrading an acid esterification biodiesel plant1.
Oiltek’s Executive Director and CEO, Mr. Henry Yong Khai Weng, stated: “These new contracts underscore Oiltek’s global competitiveness, diversified client base, and resilience amid economic uncertainties. They also reflect our customers’ confidence in us, due to our proven track record, strong process engineering capabilities, and innovative and comprehensive range of engineering solutions. Oiltek remains committed to innovation and operational excellence, ensuring long-term growth for our stakeholders.”
Strategic Outlook
With a track record spanning over four decades and successful project delivery in more than 37 countries across five continents, Oiltek continues to strengthen its position in the global vegetable oils industry. The company’s core business segments—Edible & Non-Edible Oil Refinery, Renewable Energy, and Product Sales and Trading—remain robust, supported by recurring income streams and a diversified project pipeline1.
The new contracts are expected to contribute positively to Oiltek’s financial performance for the year ending 31 December 2025.
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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 44 years of track record, Oiltek has successfully designed, built and commercialised plants in more than 37 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.
