Business Times - Malaysia - Malaysia, 3 April 2009
SUMATEC Resources Bhd's wholly-owned subsidiary, Sumatec Corporation Sdn Bhd and its partner company in Thailand, EC Chemical Bio Co Ltd have been awarded a RM254.16 million contract to construct a bio-ethanol plant in Thailand.
The consortium will be responsible for the engineering, procurement, construction and commissioning of the 500,000-litre per day capacity bio-ethanol plant complete with biogas plant, organic fertilizer plant and chip making unit at Prachinburi.
The plant is expected to be completed in 20 months, the company said in a filing to Bursa Malaysia in Kuala Lumpur today.
It said the plant will be using cassava chips as feed stock.
The contract is expected to contribute positively to the overall earnings and shareholders value of Sumatec for the financial years ending December 31, 2009 and 2010. - Bernama