Oiltek International Limited, listed on the SGX Mainboard, is in discussions to participate in a Sustainable Aviation Fuel (SAF) pilot plant in Sarawak. The project, spearheaded by SEDC Energy, a subsidiary of the Sarawak Economic Development Corporation, aims to establish a 15 kilotonnes per annum (15KTA) plant using Sulzer’s bioflux technology. Apeiron Bioenergy, Asia’s largest used cooking oil collector, will supply the waste feedstock.
The initiative reflects Sarawak’s ambition to contribute to global aviation decarbonisation efforts and enhance its domestic clean fuel manufacturing capabilities. “This initiative reflects Sarawak’s intent to contribute meaningfully to global aviation decarbonisation efforts,” stated Sulzer. The project also aligns with the International Civil Aviation Organisation’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which mandates CO2 emission offsets for international flights by 2027.
Oiltek Sdn Bhd, a subsidiary of Oiltek International, is currently engaged in discussions with SEDC Energy. However, no definitive agreements have been reached, and no formal plans have been approved by Oiltek’s Board. The company advises shareholders to exercise caution and avoid speculative actions regarding their investments.
The SAF plant is part of Sarawak’s broader strategy to position itself as a future energy hub. By leveraging partnerships with global leaders like Sulzer and Apeiron Bioenergy, Sarawak aims to develop a sustainable UCO collection ecosystem and enhance its hydrogen value chain. The project underscores the region’s commitment to renewable energy and circular economy development.
“`
