KUALA LUMPUR: Next Generation Oil Sdn Bhd plans to develop 15,378.05 hectares of algae plantations in Malaysia at a development cost of US$38 billion (US$1=RM4.2030) over the next 12 years.
Executive chairman Datuk Indera Mohamed Moiz J M Ali Moiz said with its A-MAP technology, the plantation will be able to cultivate 68 million tonnes of algae biomass to absorb some 76 million tonnes of carbon dioxide and produce about 34 million tonnes of crude algae oil and dry algae cake.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
