SINGAPORE (Yosefardi) – Palm oil processing company Mewah International Inc has agreed to purchase biodiesel assets from Gomedic Sdn Bhd for around US$13 million.
The assets include 25,055 sqm land and a biodiesel process plant with annual capacity of 100,000 tons.
The plant is located nearby Mewah’s largest palm oil refinery in Pulau Indah Industrial Park, Westport, Malaysia.
“The investment is expected to further consolidate the group’s position as an integrated palm oil processor,” Mewah said today.