South Korea?s Global Logix plans biomass power plant in Siak
Friday, January 24 2014 - 03:11 AM WIB
Senior executives of Global Logix including Chairman Myong-Ho Cho made a presentation about the company?s investment plans in Siak including a plan to build a pellet factory in a meeting on Wednesday attended by top officials of the Siak administration.
Cho said that while Siak is quite a potential location for the development of a biomass power plant given the extensive local oil palm plantation, his company was seeking support from the local government to ensure the supply of oil palm empty kernel shells as feedstock to fuel the planned power plant.
PT Siak Pembangunan dan Energi, a company run by the Siak administration, will supply Global Logix with the waste from the oil-palm plantations.
There are a total of 287,065 hectares of oil-palm plantations in the Siak regency, with 20 palm oil factories in operation, producing 928,323 tons of oil-palm bunches per year.
The regency is considered suitable for the investment due to the presence of Tanjung Buton Industrial Estate (KITB) and a seaport in Riau.
Cho said that the company decided to invest in pellet production and the biomass-fired power plant due to promising prospects and a sufficient supply of materials.
Editing by Reiner Simanjuntak