WHILE international scientists and researchers are cracking their heads to find and produce renewable energy, a Malaysian company has made the country proud by producing fuel made from plastic waste.
Greenbase Utama Sdn Bhd yesterday officially launched its first oil, anticipating a net profit of RM20 million per year from its investment of RM50 million to set up a pilot plant in Shah Alam to process the plastic waste.
Chief executive officer Tan Sri Halil Abdul Mutalib said the plant has the capacity to take up 240 tonnes of solid waste materials and convert them into liquid fuel.
"This fuel can be used for automobiles as well for industries. It will be cheaper than the price of current fuel in the market as the cost of producing it is much cheaper.
"For the smallest-scale plant, the investment would be around RM50 million and can generate a revenue of at least RM30 million a year," Halil told reporters after the official launch by former Prime Minister Tun Dr Mahathir Mohamad in Shah Alam.
He said the company invites investors at home and abroad, to become strategic partners to open up a bigger plant.
"We hope to set up a bigger facility, probably located near a landfill or rubbish dump, within the next six months. Currently, we are processing some 5 tonnes of plastics waste per day to convert into 5,000 litres of fuel," he said.
Dr Mahathir agreed that by engaging more professional experts and designers, the company could construct a better plant.
"They seem to be successful in terms of the technology, but I don't know yet whether they can perform in operating a large-scale production," he said.
Halil said the company has yet to secure buyers, but stressed that it would not be difficult as this involves the production of fuel.
"We have received a lot of enquiries including from a Sarawak fertiliser company," he added.
On the price of its fuel, Halil said it would be cheaper than the current fossil fuels.
"If these fuels are sold at RM1.80 per litre, we can sell our fuel at RM1.40 or RM1.50 per litre. Our fuel is also zero sulphur content," he said.
Bryan words; Great isnt it?
1 comments:
wow!! yeah great!! well, logically, plastics r made from fuels. meaning, if we melt the plastics-not to high heat-, we will produce fuel which called plas-fuels...well, we should not just reuse plastics but also EVERYTHING!! for the sake of healing mother earth's fever... (^..^)
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