MARKET DEVELOPMENT
BLD Sees Vast Potential in RM1.4mil New Incinerators
BLD Sees Vast Potential in RM1.4mil New Incinerators
02/06/2014 (The Star)- BLD Plantation Bhd will be able to optimise the conversion of empty oil palm fruit bunches into fertilizer when the two incinerators are scheduled to be operational in the second half of this year.
Executive chairman Datuk Henry Lau said the machines costing about RM1.4mil were being installed at its subsidiary Bintulu Lumber Development Sdn Bhd-owned palm oil mill in Igan, Sibu Division.
He said the fertilizer produced would be used for the group’s oil palm estates, adding that the conversion project would reduce the disposing costs of the empty fruit bunches.
Last year, BLD produced some 377,000 tonnes of fresh fruit bunches (FFBs) from its estates ,which was an increase of 2.4% over 2012.
The group has total oil palm area of 27,300ha, of which 93% is in maturity stage. It also owns two palm oil mills.
Lau said its palm oil refinery in Bintulu had doubled its daily processing capacity to 2,400 tonnes following the recent commissioning of a second plant. The refinery is operated by subsidiary Kirana Palm Oil Refinery Sdn Bhd.
Last year, BLD sold 741,000 tonnes of palm oil products, mainly for the export market, Lau stated in the company’s 2013 Annual Report.
On prospects, he said the tight palm oil supply in the market resulting from the El-Nino weather phenomenon in Malaysia and Indonesia early this year, gave a boost to palm oil prices for the short term.
“We are cautious that some changes in policy might cause supply constraints in long term to the local industry as a whole, while leading to positive economic implications on palm oil prices.
“Nevertheless, it is also expected that palm oil prices may stabilise once the biodiesel mandate is fully implemented in Malaysia and neighbouring countries,” he added.
It was reported that the Malaysian Government targeted next month (July) for nationwide implementation of the biodiesel (B5) programme — both subsidised and non-subsidised, with all diesel pumps to be replaced with B5 pumps.
To note, B5 is a blend of 5% palm methylester and regular diesel.
With the full implementation of the programme, it is estimated that some 500,000 tonnes of fuel would be taken up from the local palm oil stocks.
Executive chairman Datuk Henry Lau said the machines costing about RM1.4mil were being installed at its subsidiary Bintulu Lumber Development Sdn Bhd-owned palm oil mill in Igan, Sibu Division.
He said the fertilizer produced would be used for the group’s oil palm estates, adding that the conversion project would reduce the disposing costs of the empty fruit bunches.
Last year, BLD produced some 377,000 tonnes of fresh fruit bunches (FFBs) from its estates ,which was an increase of 2.4% over 2012.
The group has total oil palm area of 27,300ha, of which 93% is in maturity stage. It also owns two palm oil mills.
Lau said its palm oil refinery in Bintulu had doubled its daily processing capacity to 2,400 tonnes following the recent commissioning of a second plant. The refinery is operated by subsidiary Kirana Palm Oil Refinery Sdn Bhd.
Last year, BLD sold 741,000 tonnes of palm oil products, mainly for the export market, Lau stated in the company’s 2013 Annual Report.
On prospects, he said the tight palm oil supply in the market resulting from the El-Nino weather phenomenon in Malaysia and Indonesia early this year, gave a boost to palm oil prices for the short term.
“We are cautious that some changes in policy might cause supply constraints in long term to the local industry as a whole, while leading to positive economic implications on palm oil prices.
“Nevertheless, it is also expected that palm oil prices may stabilise once the biodiesel mandate is fully implemented in Malaysia and neighbouring countries,” he added.
It was reported that the Malaysian Government targeted next month (July) for nationwide implementation of the biodiesel (B5) programme — both subsidised and non-subsidised, with all diesel pumps to be replaced with B5 pumps.
To note, B5 is a blend of 5% palm methylester and regular diesel.
With the full implementation of the programme, it is estimated that some 500,000 tonnes of fuel would be taken up from the local palm oil stocks.