Premium Renewable Energy to firm up more JVs

Premium Renewable Energy Sdn Bhd is in talks with two plantation companies to form joint ventures to produce bio-oil using palm biomass, according to Managing Director Anand Selvaratnam. “We expect to firm up a JV by the first half of 2011,” he told The Edge Financial Daily. Premium has the exclusive rights to a pyrolysis technology known as rapid thermal processing (RTP), which converts any cellulosic biomass to bio-oil used for power generation in stationary diesel engines, in Malaysia and Indonesia. The technology is patented by Ensyn Technologies, Canada, Premium’s partner.  (December 21, 2010)