The acquisition expands W2 Energy’s South East Asian fuel business, in line with its strategy to produce, blend and distribute bio and synthetic fuels.
Located in the Pasir Gudang Port of Johor Malaysia, AM Biodiesel’s plant has a biodiesel production capacity of 30,000 tons a year.
The plant implements a multi feedstock technology based on the esterification process.
W2 Energy CEO Michael McLaren stated that with the acquisition of stake, the company is poised to enter into the ‘clean fuel market’ of Asia.
"Malaysia consumes about 50,000 barrels of fuel oils per day while Indonesia consumes about 200,000 barrels per day of fuel oils. The South East Asian region in total consumes about 500,000 barrels per day of fuel oil.
"W2 Energy will install and commission a #6 fuel oil replacement plant on the site and distribute the product through Ecobound Fuel Production Systems production license," McLaren said.
