KUALA LUMPUR, Nov 22 (Bernama) -- Asia Platinum Capital Berhad (“APCB”), in a monumental MOU with Macor Shipping Sdn Bhd (“Macor Shipping”), has today announced a partnership that not only enhances Malaysia's export capabilities but also propels the nation's renewable energy ambitions to international presence. This partnership is APCB's commitment to sustainability and innovation, particularly through the cultivation and application of Giant King Grass (“GKG”) in renewable energy sources.

APCB is Malaysia’s pioneer investment holding company focusing on sustainable agriculture and is the largest GKG planter in the country. Macor Shipping is the exporter which desires to obtain a reliable supply of GKG Animal Feed to be processed to end-user in Korea.

Under the MOU signed, APCB will supply Macor Shipping with 10,000 Metric Tonnes of GKG Animal Feed per month, amounting to 120,000 Metric Tonnes annually, at USD300 per Metric Tonne.

Over the initial two-year term, this agreement is projected to contribute significantly to APCB's revenue, with a gross value of USD 72 million. Additionally, a management fee of USD 30 per tonne will be applied to each tonne supplied in accordance with the full terms of the agreement, further enhancing the economic value of this collaboration.

APCB is set to cultivate GKG on more than 10,000 acres of land in Sabah to meet the requirements needed by Macor Shipping.

Tan Sri Mohamed Jawhar Hassan, Chairman of APCB said, "We are proud to announce this strategic alliance with Macor Shipping, which solidifies our position as a leader in the GKG market and aligns with our vision to foster renewable energy sources. Our commitment to providing Macor Shipping with reliable, high-quality GKG Animal Feed will fuel their production facilities and support the larger framework of Malaysia's National Energy Transition Roadmap.”

GKG - known scientifically as Miscanthus giganteus— has been identified as a high-yield perennial grass that thrives on marginal lands. This biomass giant, also referred to as Uganda or elephant grass, is a powerhouse in biomass production, delivering between 40 to 80 tonnes of dry matter per hectare annually, depending on the fertiliser application.

APCB's exploration into GKG's potential for renewable energy aligns with Malaysia's robust biomass industry, supported by the National Green Science and Technology Policy, the Tenth Malaysia Plan, the Economic Transformation Programme, and the Renewable Energy Act of 2011.

With a yield of approximately 100 barrels of oil equivalent per hectare, GKG stands as a hope for a low-carbon future. The pelletization of GKG for direct combustion in power plants and the potential for quarterly harvests positions it as a strategic alternative to fossil fuels and a significant contributor to the reduction of coal consumption in electric power plants.

In light of global shifts towards sustainable energy sources, APCB's initiative is timely. The cultivation of GKG for biomass, its conversion to solid fuels for electricity generation, and the potential for disposable methanol fuel cell cartridges for portable electronics place Malaysia at the forefront of renewable energy technology.

“This collaboration with Macor Shipping is not just about business growth; it's a strategic move towards realising the vast potential of alternative energy sources like GKG. By locally growing this versatile grass, we're contributing to reducing carbon emissions and the transition away from coal dependency. Our venture directly reflects the Malaysian government's direction towards a greener, more sustainable energy future,” Tan Sri added.

SOURCE : Aegis Communication on behalf of Asia Platinum Capital Berhad
 
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--BERNAMA