Bio Fuel seeks partners for global expansion

Bio Fuel Sdn Bhd, producer of a biofuel additive in Malaysia, is seeking local and foreign partners for its plan to expand globally. Chief Executive Officer/President P. Muguntha said he was willing to work with any government and oil company in the world to help reduce harmful emissions into the atmosphere and also help consumers save on fuel usage, as well as cushion the impact of spiraling fuel prices. “It took me five years to develop the additive using palm oil and it can be used in petrol and diesel engines, in industrial boilers, power plants, in ships that used heavy fuel, and all types of machinery that use fossil fuel to power them,” he said. He said samples of his products had been tested and approved by Sirim QAS International Sdn Bhd on emission reduction, engine performance and fuel savings. (June 10, 2008)