In Indonesia, PT INKUD Exchange has signed an MOU with Malaysian company Lestari Pasifik Berhad to jointly develop 616 biorefineries in the two countries to process oil palm waste into ethanol during the next five years. The JV’s pilot project will be set up in Sumatra. Lestari Pasifik has a JV with Russian company Arter Group for the technology licensing, which led to the deal with Inkud.
Each biorefinery, which should be co-located with palm oil factories, can produce 130 liters of ethanol from a ton of waste, or 31,200 liters per day, and should cost about $1.13 million each.
More background on the story from the Digest