Having already started pilot plant development in the Netherlands, the company, which is currently exploring sites in Malaysia, Indonesia and Singapore, will ship it to the site in Southeast Asia in 2014.
The company, along with strategic partners, will begin development and deployment of the plant in 2014 following successful demonstration, with start of commercial-scale modules expected in two to three years.
The company has established an office in Kuala Lumpur, Malaysia to manage operations in Southeast Asia and will be managed by Milton Leong Eng Hai.
Originally developed by Shell Oil, the bio-liquefaction technology converts agricultural biomass to green energy and will allow NextFuels and its partners to produce bio-based petroleum at commercial scale for $70 to $85 a barrel out of wet biomass.
NextFuels and Enagra CEO Michael Petras said that Southeast Asia is suitable place to begin pilot plant.
"Palm plantation owners, government regulators and others are struggling with ways to use or eliminate the residue that comes from palm oil production. Burning it is no longer an option.
"Our technology turns that waste into a second, profitable crop that will provide cost-effective fuel and reduce air pollution," added Petras.
