Premium Renewable Energy has built strong relationships with major industry players that share our vision of a sustainable future. By co-investing and forming mutually beneficial joint ventures, each stakeholder is incentivised to commit to the development of the RTPTM Green Fuel energy solution. While PRE is the technology link and master project developer, the co-investing business partners are crucial to secure investment, land area, and, vital feedstock supply for RTPTM conversion.
Sahabat Renewable Fuel Ventures
Sahabat Renewable Fuel Ventures Sdn Bhd (SRFV) is the collaboration formed as the result of a Joint Venture Agreement signed between PRE and Felda Palm Industries (FPI), the palm oil processing arm of FELDA - the largest oil palm planter in Malaysia. SRFV will convert oil palm waste into RTPTM Green Fuel , perfectly complementing FPI’s strengths. FPI provides SRFV with a steady supply of feedstock from its 70 mills across Malaysia, and FELDA’s decades of experience in the palm oil industry provides expertise that will prove invaluable at the operational level.
Soon after incorporation, SRFV obtained a manufacturing license from the Ministry of International Trade and Industry (MITI) to carry out the conversion of oil palm waste to RTPTM Green Fuel at its first production facility in Peninsular Malaysia. Targeted date for construction to begin is November 2012, with a commercial operations date of May 2014. The success of the first plant will lead to another 4 potential plants.
- 5 plants (1+4) to be built
- Expected 1st Plant Commercial Operation Date - May 2014