The plant has a planned capacity of approximately 300 metric tonnes per day.
Oiltek International has entered into a heads of agreement with Brunei-based Bioseaga Industries to build a US$350 million sustainable aviation fuel plant in Sabah. For context, Oiltek's entire order book as disclosed on Feb 23 was just RM350 million.
In addition, Oiltek will be the exclusive contractor for this project and may choose to take equity in the project down the road.
