MARKET DEVELOPMENT
Pact To Make High Grade Palm-based Products
Pact To Make High Grade Palm-based Products
01/11/2013 (The Star) - Felda Global Ventures Holdings Bhd (FGVH) has signed a memorandum of understanding (MoU) with Cambridge Nanosystems Ltd (CNL) to jointly produce high grade carbon nanotubes and graphene from crude palm oil (CPO) and methane.
The collaboration with CNL, a spin-out of UK’s Cambridge University, will help FGVH move towards non-food and high value products, according to FGVH chairman Tan Sri Isa Samad in a statement.
The MoU could entail FGVH’s unit Felda Global Ventures Downstream Sdn Bhd (FGVD) possibly acquiring 70% of CNL’s issued share capital.
The collaboration is to undertake the production, manufacturing, marketing, selling and, or trading of high grade carbon nanotubes and graphene from CPO and methane as feedstock, using a certain technology.
High grade carbon nanotubes and graphene had the potential to launch a new generation of electronic devices that could run faster, while using less energy, said FGVH. It also has the potential usage for next generation communication cables.
FGVD will provide the raw material for the production of carbon nanotubes and graphene, while CNL will provide the proprietary technology to produce a series of carbon nanotubes, through nano-systems technology.
CNL chairman Dr Krzysztof Koziol said the proposed collaboration would further enhance CNL’s technological innovations. “Most importantly, we are able to utilise the by-products of palm oil plantation, such as methane, for conversion into ultra-high grade advanced materials, namely graphene and carbon nanotubes,” he said.
Meanwhile, FGVH president and chief executive officer Mohd Emir Mavani Abdullah said: “With the increasing demand for high grade carbon nanotubes and graphene globally such as for automotive, aerospace and consumer product industries, there is a ready market for us while at the same time, we continue to penetrate new markets.”
The company would continue its emphasis on innovation as well as look for more smart partnerships, he said, adding: “Moving forward, innovation will remain our key emphasis.”
FGVH will further explore various opportunities for smart partnerships in our continuous commitment to sustainable business through innovative palm-based products, which is not only focusing on food,” said Emir.
In its filing with Bursa Malaysia, FGVH said the MoU was valid for six months or an extended period as agreed between the parties. It added that a full announcement of the project would be made after both parties executed a definitive binding agreement.
The collaboration with CNL, a spin-out of UK’s Cambridge University, will help FGVH move towards non-food and high value products, according to FGVH chairman Tan Sri Isa Samad in a statement.
The MoU could entail FGVH’s unit Felda Global Ventures Downstream Sdn Bhd (FGVD) possibly acquiring 70% of CNL’s issued share capital.
The collaboration is to undertake the production, manufacturing, marketing, selling and, or trading of high grade carbon nanotubes and graphene from CPO and methane as feedstock, using a certain technology.
High grade carbon nanotubes and graphene had the potential to launch a new generation of electronic devices that could run faster, while using less energy, said FGVH. It also has the potential usage for next generation communication cables.
FGVD will provide the raw material for the production of carbon nanotubes and graphene, while CNL will provide the proprietary technology to produce a series of carbon nanotubes, through nano-systems technology.
CNL chairman Dr Krzysztof Koziol said the proposed collaboration would further enhance CNL’s technological innovations. “Most importantly, we are able to utilise the by-products of palm oil plantation, such as methane, for conversion into ultra-high grade advanced materials, namely graphene and carbon nanotubes,” he said.
Meanwhile, FGVH president and chief executive officer Mohd Emir Mavani Abdullah said: “With the increasing demand for high grade carbon nanotubes and graphene globally such as for automotive, aerospace and consumer product industries, there is a ready market for us while at the same time, we continue to penetrate new markets.”
The company would continue its emphasis on innovation as well as look for more smart partnerships, he said, adding: “Moving forward, innovation will remain our key emphasis.”
FGVH will further explore various opportunities for smart partnerships in our continuous commitment to sustainable business through innovative palm-based products, which is not only focusing on food,” said Emir.
In its filing with Bursa Malaysia, FGVH said the MoU was valid for six months or an extended period as agreed between the parties. It added that a full announcement of the project would be made after both parties executed a definitive binding agreement.