Mewah International, a palm oil refiner in Malaysia, will buy the biodiesel assets of Gomedic Sdn. Bhd for $13 million. Biodiesel Magazine reports the assets include 25,055 square meters of land, with a lease expiring in 2109, and a 30 MMgy biodiesel production facility.
According to Mewah International, the biodiesel plant is strategically located in the vicinity of the company’s largest palm oil refinery in Pulau Indah Industrial Park, Westport, Malaysia. The investment is expected to further consolidate the group’s position as an integrated palm oil processor.
The deal is projected to be finished early next year. Mewah is one of the largest palm oil processor in the world.