MARKET DEVELOPMENT
Pulp Green Tech Achieves High-Grade Quality Paper Pulp
Pulp Green Tech Achieves High-Grade Quality Paper Pulp
28/01/2014 (Bernama) - Pulp Green Tech Holding (PGT), a research and development company, has achieved high-grade quality paper pulp made from 100 per cent palm oil empty fruit bunch (EFB).
The technology was highly cost efficient and enabled investors, palm oil producers and paper pulp mills to achieve return on investment of over 100 per cent in the first year of operations, assuming the pulp was sold at a price comparable to non-wood materials, the company said in a statement.
Through its subsidiary, Thai Gorilla Pulp Ltd (TGP), PGT currently sold the end product made from palm pulp to Europe, Malaysia and Thailand.
Currently over 95 per cent of the EFB raw material was disposed and its estimated disposal weighed over 300 million tonnes a year, said the statement.
PGT is aiming to expand its technology to Malaysia and Indonesia in the coming 12 months and, was preparing to form a partnership with paper mills/palm oil producers in the region.
Meanwhile, TGP Chief Executive Officer Ryosuke Tanaka said the company's technology was proven to work in many paper products, and it opened the door for all kinds of investors to tap on the additional source of revenue, which is highly profitable and green.
"We believe it can ultimately change the landscape of the pricing structure of the recycled pulp, as our technology outperforms the other materials available in the market," he added.
The technology was highly cost efficient and enabled investors, palm oil producers and paper pulp mills to achieve return on investment of over 100 per cent in the first year of operations, assuming the pulp was sold at a price comparable to non-wood materials, the company said in a statement.
Through its subsidiary, Thai Gorilla Pulp Ltd (TGP), PGT currently sold the end product made from palm pulp to Europe, Malaysia and Thailand.
Currently over 95 per cent of the EFB raw material was disposed and its estimated disposal weighed over 300 million tonnes a year, said the statement.
PGT is aiming to expand its technology to Malaysia and Indonesia in the coming 12 months and, was preparing to form a partnership with paper mills/palm oil producers in the region.
Meanwhile, TGP Chief Executive Officer Ryosuke Tanaka said the company's technology was proven to work in many paper products, and it opened the door for all kinds of investors to tap on the additional source of revenue, which is highly profitable and green.
"We believe it can ultimately change the landscape of the pricing structure of the recycled pulp, as our technology outperforms the other materials available in the market," he added.